6-837

6-837. Duty of escrow agent to produce escrow
records for inspection; violation; classification

A. Any escrow agent shall produce for inspection any escrow records concerning the
assets, existence, condition, management and administration and the names of the parties,
including any or all beneficiaries, of any escrow of which he or she is the escrow agent
to any peace officer or local, state or federal law enforcement agency, provided such
person requesting information signs and submits a sworn statement to the escrow agent
that the request is made in the lawful performance of such person's duties. The peace
officer or local, state or federal law enforcement agency shall be prohibited from using
or releasing said information except in the proper performance of his or her duties.

B. Any escrow agent shall produce for inspection required by law any escrow records
of any escrow of which he or she is the escrow agent to the superintendent or to any
state or federal administrative agency lawfully requiring such disclosure. The
superintendent or any state or federal administrative agency shall be prohibited from
using or releasing said information except in the proper performance of his or her
duties.

C. Any person who knowingly fails to produce records pursuant to this section or
who obtains information under subsection A or B and is prohibited from releasing such
information but does release such information is guilty of a class 2 misdemeanor.