HI SB2849

Adds four new definitions to escrow depository law: "control" (ownership of 25% or more voting securities), "controlling person," "NMLS" (the national mortgage licensing system), and "principal" (managers and supervisory personnel).

Authorizes the commissioner of financial institutions to enter into agreements with NMLS operators, require escrow depositories to register with NMLS, and waive or modify chapter requirements as necessary for NMLS participation.

Requires criminal history record checks and five-year litigation/conviction disclosure for applicants' controlling persons, officers, directors, and principals applying for initial licensure or change in control approval.

Changes escrow depository license renewal date from July 1 to December 31 for alignment with NMLS, and clarifies requirements for applications involving sale, transfer, or change in control of escrow depository licenses.

Updates fee structure to include $2,000 initial license issuance fee, $5,000 application fee for proposed change in control, and $50 fee for name changes; repeals previous $5,000 transfer and change in control fee.