12 Jun Escrow Agents | Loan Originators
Q: i've a dispute with another celebration up to a contract; can the escrow business keep my earnest money deposit?
A: You'll want to review the contract terms dispute resolution that is addressing. The escrow company may be required to hold funds until the matter is arbitrated or there is an order entered by a court of law if there is a dispute
Q: how do i determine if that loan originator is certified in Arizona?
A: You can always check DIFI's site under Look a licensee up you can also check out the National Mortgage Licensing System and Registry (NMLS ) by hitting their consumer access web web page .
Money Transmitters
Q: What does money transmitter suggest?
A: A Money Transmitter is really a cash solutions company that works range solutions. A Money Transmitter may offer or issue payment instruments ( e.g., checks, drafts, cash sales, traveler’s checks set up instrument is negotiable). A Money Transmitter may be a money solutions company that partcipates in the business enterprise of getting cash for transmission or transmitting money by any and all sorts of means, including although not restricted to cost instrument, cable, facsimile or electronic transfer.