™Your Policy Risk Impact Agent
115 chapters · 1,503 sections in this title.
RCW 19.144.005 Findings—2008 c 108.
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The legislature finds that responsible mortgage lending and homeownership are important to the citizens of the state of Washington. The legislature declares that protecting our residents and our economy from the threat of widespread foreclosures and providing homeowners with acce…
RCW 19.144.010 Definitions.
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Adjustable rate mortgage" or "ARM" means a payment option ARM or a hybrid ARM (commonly known as a 2/28 or 3/27 loan). (2) "Application" means the same as in Regulati…
RCW 19.144.020 Disclosure requirements—Department duties.
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(1) In addition to any other requirements under federal or state law, a residential mortgage loan may not be made unless a disclosure summary of all material terms, as adopted by the department in subsection (2) of this section, is placed on a separate sheet of paper and has been…
RCW 19.144.030 Interagency guidance on nontraditional mortgage product risks and the statement on subprime mortgage lending.
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(1) The department shall apply the interagency guidance on nontraditional mortgage product risks and the statement on subprime mortgage lending to financial institutions. (2)(a) Financial institutions subject to this chapter shall adopt and adhere to internal policies and procedu…
