Terms Used In Idaho Code 30-904

• Director: means the director of the Idaho department of finance. See Idaho Code 30-902
• Escrow: means any transaction in which any person, for the purpose of effecting the sale, transfer, encumbrance, or lease of real or personal property to another person, 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 then to be delivered by the third person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee, bailor, or any agent or employee of any of the latter, pursuant to written instructions. See Idaho Code 30-902
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Escrow agency: means any person engaged in the business of accepting or receiving escrows for deposit or delivery by any means, including over the internet, or by any other electronic means. See Idaho Code 30-902
• License: means a license issued pursuant to this chapter. See Idaho Code 30-902
• Licensee: means a person holding a valid license as an escrow agency under this chapter. See Idaho Code 30-902