“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, or 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.
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.
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 those pages often for regulatory alerts, public notices, and important industry updates.