N.M. Admin. Code § 13.14.4.12 - NOTICE TO OSI
A. A
title insurer, agency or title insurance agent, who discovers any of the
following, shall provide notice to OSI within five days of:
(1) notice of suit in any civil or criminal
action against the title insurer, title insurance agency, or title insurance
agent involving any alleged misconduct or liability of the title insurer, title
insurance agency, or title insurance agent concerning a New Mexico escrow;
or
(2) any disciplinary action
taken by the disciplinary board or by the supreme court of New Mexico involving
misconduct concerning an escrow by a title insurer or title insurance agent who
is a licensed attorney.
B. A title insurer, agency or title insurance
agent, who discovers theft or fraud of an escrow account, shall notify OSI
within two days of discovery.
Notes
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