Application For License Under The Escrow Law {DFPI-EL 301}

DFPI-EL 301 - APPLICATION FOR LICENSE UNDER THE ESCROW LAW. This form is an application for a license under the Escrow Law in the State of California, submitted to the Department of Financial Protection and Innovation (DFPI). It is required for entities seeking to operate as an Escrow Agent, a Joint Control Agent, or an Internet Escrow Agent. The application must be accompanied by a non-refundable filing fee of $625 and an investigation fee of $100. The form requires the applicant to provide detailed information, including the business name and location, corporate details such as the date and state of incorporation, and the fiscal year-end. Additionally, the applicant must list the names of officers, directors, stockholders, and the proposed escrow holder of the corporation’s stock certificates. The form also includes requirements for financial statements, a surety bond or cash bond, fingerprinting, and background checks for key personnel. The applicant must agree to abide by all rules and regulations issued by the DFPI and notify the department of any future changes to officers, directors, stockholders, or employees. www.FormsWorkflow.com