Revised Code of Washington - RCW Title 19 Business Regulations -- Miscellaneous - Section 19.144.040 Prepayment penalty or fee -- Limitation

§ 19.144.040. Prepayment penalty or fee -- Limitation

A financial institution may not make or facilitate the origination of a residential mortgage loan that includes a prepayment penalty or fee that extends beyond sixty days prior to the initial reset period of an adjustable rate mortgage.

[2008 c 108 § 5.]

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Last modified: April 7, 2009