| |
Monte Carlo
Escrow
|
Broker-owned
Escrow
Companies |
Title Company
Escrow
Departments |
Bank or Savings & Loan
Escrow |
Bank Escrow
Departments |
| Bonding Required |
YES
|
NO |
NO |
NO |
NO |
Manager
Requirements |
5 Years as Escrow Officer |
NO |
NO |
NO |
NO |
Annual Audit
without
Prior Notice
|
YES |
NO |
NO |
NO |
NO |
Annual CPA Audit
required without
Prior Notice |
YES |
NO |
NO |
NO |
NO |
Trust Funds
Insurance
|
YES |
NO |
NO |
NO |
NO |
Financial Liquidity
Requirements |
YES |
NO |
NO |
NO |
NO |
| Licensed by Deptartment of Corporations |
YES |
NO, licensed through the real estate broker by the DRE |
NO, Regulated by the Department
of Insurance |
NO, Regulated by the
Department of Financial
Institute |
NO |
Employee Approved by DOC & Department of
Justice |
YES |
NO |
NO |
NO |
NO |
