HRS §449-5
Who can act as an escrow depository in Hawaii
Only a corporation licensed by the state commissioner can act as an escrow depository in Hawaii. Unlicensed people cannot use the word "escrow" in their business name. Even from out of state, you need a Hawaii license to handle escrow for property in Hawaii.
businesses
The statute, as written — License required to act as escrow depository
(a) No person shall act as an escrow depository in this State unless it is a corporation licensed to do so by the commissioner. No person subject to the provisions of this chapter not licensed or exempted under this chapter shall transact any business under any name, title or descriptive term which contains the words "escrow", "escrow depository", or any other word or phrase having the same or similar meaning. (b) No person shall act as an escrow depository from an out-of-state location for property located in this State unless licensed to act as a Hawaii escrow depository by the commissioner.
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