§449-3 Excepted from this chapter. This chapter does not apply to any of the following when acting as escrow depositories:
(1) Banks, trust companies, and savings and loan associations, authorized under any law of this State or of the United States to do business in the State;
(2) Any person licensed as a real estate broker in the State who is the broker for a party to the escrow, provided the person does not charge any escrow fee; and
(3) Any person licensed to practice law in the State who, in escrow, is not acting as the employee of a corporation, provided the person does not charge any escrow fee. [L 1967, c 144, pt of §1; HRS §449-3; am L 1973, c 173, §1; gen ch 1985; am L 1992, c 205, §4; am L 1996, c 27, §2]
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