§449-5 - License required to act as escrow depository.
§449-5 License required to act as escrow depository. No person shall act as an escrow depository in this State unless it is a corporation licensed to do so by the commissioner.
No person subject to the provisions of this chapter not licensed or exempted under this chapter shall transact any business under any name, title or descriptive term which contains the words "escrow", "escrow depository" or any other word or phrase having the same or similar meaning. [L 1967, c 144, pt of §1; HRS §449-5; am L 1969, c 39, §1; am L 1985, c 269, §50]
Cross References
Title insurers or insurers, see §431:20-106.5.