“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.
Licensees and industry professionals will find the necessary information and resources on this site to be compliant with regulations and statutes in the state of New Mexico. Use the tabs on the left to explore statutory and regulatory requirements, licensing information, and industry contacts. Check this page often for regulatory alerts, public notices, and important industry updates.
Consumers can find useful escrow information, answers to frequently asked questions, and complaint procedures on this site. A primary function of the Financial Institutions Division is consumer protection. This includes investigating complaints filed with the Division that involve a licensed firm or individual, as well as handling public inquiries about licensed firms or individuals.
Escrow Company Act
- Click on the link below for a summary of amendments passed during the 2015 Legislative Session to the Escrow Company Act, NMSA 1978, Sections 58-22-1 to -33 (1983, as amended through 2015).
- Click on the link below to review Senate Bill 412 in its entirety, containing the full text of the amendments to the Escrow Company Act.
Escrow Company Regulations
- Proposed amendments to the Escrow Company Regulations 12.25.2 NMAC are available at the link below.
Escrow Company Regulations (Revised 2015)
- A Public Rule Hearing will be held to consider adoption of the amended rules on July 28, 2015 at 10:00am at the Toney Anaya Building, located at 2550 Cerrillos Road in Santa Fe, NM. Please click the link below for additional information.
Notice of Public Rule Hearing