TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 7. ESCROW BUSINESSES

Part 1. Regulation of Escrow Businesses

Statement Of Account

32-7-116. Statement of account. A licensee shall provide a full statement of an escrow account established under an escrow agreement within 14 days of a written request made by a party to the escrow agreement. The statement must state:

(1) credits to principal;

(2) interest earned for the period; and

(3) other information requested.

History: En. Sec. 9, Ch. 651, L. 1989.