Linda Lingle passed a Bill April 23, 2010 that states that all Hawaii Real Estate closings must be done by a corporation licensed to do so by the commissioner.  No person shall act as an escrow depository from an out-of-state location for property located in this state unless licensed to act as a Hawaii escrow depository by the commissioner.  This Act shall take effect on July 1, 2010.  The description is as follows: Requires any person operating as an escrow depository as to property located within this state to be a corporation licensed by the commissioner of financial institutions to do so.  (SB2921 SD1  HD1)

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