The Washington Office of the Insurance Commissioner issued a stakeholder draft of a rulemaking regarding out-of-state title record storage. Comments on the draft are due Sept. 30.
It would add the following to WAC 284-29-160: “Title insurance companies and agents shall store these records in this state, unless otherwise approved by the commissioner in accordance with RCW 4829.190.”
It also states, “Title insurance companies and agents must request approval from the commissioner prior to storing their records outside of the state.” Requests shall be emailed to [email protected].”
The commissioner would review and consider approval of the out-of-state title records storage if the records are really accessible, securely stored, and maintained by the required statutory terms.
It then states, “If the title insurance company or agent plans to change the approved location of the out of state record storage, notification to the commissioner is required and reapproval must be granted prior to the change.”
Out-of-state record storage would have to comply with the security and data breach reporting requirements in WAC 284-04-625.