In the event of cancellation of either the fidelity bond, the surety bond, or both, the director shall require the filing of a new bond or bonds. Failure to provide the director with satisfactory evidence of a new bond after receipt by the director of notification that one is required or by the effective date of the cancellation notice, whichever is later, shall be sufficient grounds for the suspension or revocation of the escrow agent's license.
RCW 18.44.211
Cancellation of fidelity bond or surety bond, or both—New bond required.
Known as the Escrow Agent Registration Act
The act spans §§ 18–18 (55 sections).
1999 c 30 s 6; 1965 c 153 s 6
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.