Out-of-state title records storage (R 2021-20)

The current state law on out-of-state title records storage requirements mandates that title insurance companies and agents, who are conducting the business of an escrow agent, must keep adequate records of all transactions. These records must be maintained in Washington unless otherwise approved by the commissioner (RCW 48.29.190(1)(a)). Rulemaking is required to outline how to request approval under RCW 48.29.190(1)(a) and detail requirements for title insurance companies and agents storing title records outside of Washington state.