(1)
When does the escrow agent license
expire? All escrow agent licenses expire on December 31st of every
year.
(2)
How do I renew my
escrow agent license? Escrow agent licenses may be renewed by filing for
renewal and paying the applicable fee to the department.
(3)
I did not renew my escrow agent
license on time, did not pay my escrow agent renewal fee by my renewal date, or
my renewal fee payment was rejected. Can I still provide escrow
services? No. Your escrow agent license is now expired, and any escrow
services you provide are considered unlicensed activities and are in violation
of the act. If you continue to provide escrow services after expiration of your
license, the department may investigate and bring an enforcement proceeding
against you.
For information about failed payments, see WAC
208-680-170.
(4)
Can my licensed escrow officers
provide escrow services if my license is expired? No. If your licensed
escrow officers continue to provide escrow services on your behalf after your
license has expired, the department may investigate and bring an enforcement
action against them.
(5)
I
did not renew my escrow agent license on time. Can I still renew my license, or
do I need to file a new application? Once your license has expired you
have thirty days to file for renewal and to pay the renewal fee and any late
renewal penalty. If you do not renew the license with in thirty days the
license will be canceled on the thirty-first day. A canceled license will not
be renewed or reinstated. If your escrow agent license is canceled and you wish
to provide escrow services, you must apply for a new escrow agent license. Any
escrow services your escrow officers provide after your license is canceled are
unlicensed activities and are in violation of the act.
Even if you renew your license before it is canceled, you
(and your licensed escrow officers) are still liable for any unlicensed
services you provided while your license was expired.
Notes
Wash. Admin. Code §
208-680-240
Amended by
WSR
13-24-022, filed 11/22/13, effective
1/1/2014
Statutory Authority:
RCW
43.320.040 and chapter 18.44 RCW (as amended
by
2010 c 34). 10-20-124, §
208-680-240, filed 10/5/10,
effective 11/5/10.
