Escrow Industry Update

License Types	As of January 2019	As of January 2018
Main Office	61	60
Branch Office	11	11
Officers	115	113

Escrow Agent Renewal Success

The Department extends a huge THANK YOU to Escrow Agent licensees for completing renewals early. All renewals and payments were submitted on or before the December 31 expiration. This prevented any interruption in business due to a late renewal.

A quick reminder to licensees that you are required to have compliant Fidelity Policies. Follow the links below for more information:

Fidelity Bond FAQs
Escrow Agent Endorsement

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Escrow Officer Renewals

Don’t forget! Escrow Officer Licenses expire throughout the year, depending on the initial approval date. Renewals are paid online via the Escrow Officer Online Renewal System. The Department is seeing an increase in officers renewing late or not renewing before the license cancels. If the license cancels, the individual must reapply for the license, which involves meeting new application requirements.

See WAC 208-680-243 for renewal and reinstatement information for escrow officers.

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Escrow Committee Openings

The Department is currently seeking an individual to fill an opening on the Escrow Committee. You must be a licensee under RCW 18.44, the Escrow Agent Registration Act. Members of the escrow committee are appointed by the Department’s Director and meet quarterly via webinar to discuss industry issues.

If you hold a license under RCW 18.44, you are encouraged to consider participating in this important committee.

Escrow Committee Application

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Escrow Committee Meeting

Information from the most recent Escrow Committee meeting, held this month, can be found on the Escrow Committee Webpage.

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