TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 7. ESCROW BUSINESSES

Part 1. Regulation of Escrow Businesses

Department -- Powers And Duties

32-7-108. Department -- powers and duties. (1) The department shall exercise general supervision and control over persons doing escrow business in this state.

(2) In addition to the other duties imposed upon the department by law, the department shall:

(a) adopt reasonable rules necessary to effectuate the purposes of this part;

(b) conduct examinations and investigations that may be necessary to determine whether a person has engaged or is about to engage in any act or practice constituting a violation of any provisions of this part;

(c) conduct examinations, investigations, and hearings necessary and proper for the efficient administration of this part; and

(d) establish fees commensurate with the costs of issuing the license and examining an escrow business.

History: En. Sec. 5, Ch. 651, L. 1989; amd. Sec. 1058, Ch. 56, L. 2009; amd. Sec. 3, Ch. 216, L. 2013.