If you are an escrow company; this page will lead you to escrow industry information primarily focused on the statutory requirements for the State of New Mexico. In addition you will find licensing and contact information.
If you are a consumer, realize that one purpose of the Financial Institutions Division is consumer protection. Consumers can find useful escrow information, frequently asked questions and complaint procedures.
“Escrow” means any transaction in which one person, for the purpose of effecting the sale, transfer, encumbrance or lease of real or personal property to another person or for the purpose of making payments under any encumbrance of such property, delivers any written instrument, money, evidence of title to real or personal property or other thing of value to a third person to be held by that third person until the happening of a specified event or the performance of a prescribed condition, when the instrument, money, evidence of title or thing of value is to be delivered by the third person to a grantee, grantor, promise, promisor, obligee, obligor, bailee or bailor or to any of his agents or employees, pursuant to the written escrow instructions.