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Escrow Advisory Committee - Openings on Committee

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Greetings,

This is a general announcement regarding three current openings on the Escrow Advisory Committee (Committee).  The Committee is established in Financial Code Section 17214. The Committee’s purpose, as designated in statute, is to assist the Commissioner in the implementation of her duties under the Escrow Law.

The Committee is comprised of eleven members, including the Commissioner or the Commissioner’s designee. The Commissioner appoints the Committee members, other than those representing Escrow Institute of California and Escrow Agents’ Fidelity Corporation. Appointed members serve for a period of two years without compensation or reimbursement for expenses. The Committee meets quarterly at the Department’s Los Angeles 4th Street office. The next meeting is tentatively scheduled for Tuesday September 9, 2014. 

The Committee vacancies are representatives from:
  1) A small-size escrow company,
  2) An escrow company that has a different type business ownership, and
  3) A CPA who has escrow agent clients.

Examples of a different type of business ownership may include title companies, mortgage companies and other entities that own the stock of an independent escrow company. Managers or corporate officers of independent escrow companies are eligible to serve on the committee.

If you, your company or your company’s CPA qualifies for one of the open positions, you and/or your CPA are encouraged to apply by sending a letter of qualifications and/or resume to the attention of Richard Malme, Special Administrator at 320 West 4th Street, Suite 750, Los Angeles, California 90013.  The deadline for submissions is on August 5, 2014.

Should you have any questions, please feel free to contact Richard Malme at (213) 576-7595.

Jan Lynn Owen
Commissioner
Department of Business Oversight

                By

                                Richard Malme
                                Special Administrator, Escrow Law