Haw. Code R. § 16-28-36 - Escrow depository's bond
(a) The escrow
depository shall file and execute an escrow depository's bond in a form
prescribed by the commissioner in an amount not less than $100,000. No
deductible amount shall be permitted.
(b) In lieu of the escrow depository's bond,
the escrow depository may deposit $100,000 in the form of a certificate of
deposit, an unconditional and irrevocable letter of credit, or securities
acceptable to the commissioner, together, in each instance, with an agreement
in a form prescribed by the commissioner.
Notes
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