R20-4-702. Account Practices and Records

An escrow agent shall maintain records to enable the Director to reconstruct the details of each escrow transaction. The records shall include the following: 1. The seller’s name and address; 2. The buyer’s name and address; 3. The lender’s name and address, if any; 4. The borrower’s name and address, if any; 5. The real estate agent’s name and address, if any; 6. Complete escrow instructions; 7. Records and supporting documentation for each receipt and disbursement made through the escrow; and 8. A copy of the escrow settlement.