Statutes, codes, and regulations
Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)Chapter 208-680 - Escrow Agent Registration Act
RECORDS AND RESPONSIBILITIES
Section 208-680-550 - Am I obligated to provide escrow services within the time period specified in the escrow instructions?

Wash. Admin. Code § 208-680-550

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Current through Register Vol. 24-20, October 15, 2024
Section 208-680-550 - Am I obligated to provide escrow services within the time period specified in the escrow instructions?

Yes. An escrow agent must perform all acts required of the escrow agent as expeditiously as possible and within any time period identified in the escrow instructions. Intentional or negligent delay in such performance is a violation of RCW 18.44.301, and provides grounds under RCW 18.44.430(1)(h) and (i) for legal action against the escrow agent by the department.

Wash. Admin. Code § 208-680-550

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, § 208-680-550, filed 10/5/10, effective 11/5/10.