§ 19.144.050. Negative amortization -- Limitation
A financial institution may not make or facilitate a residential mortgage loan that includes any provisions that impose negative amortization and which are subject to the interagency guidance on nontraditional mortgage product risks and the statement on subprime mortgage lending.
[2008 c 108 § 6.]
Sections: Previous 19.144.005 19.144.010 19.144.020 19.144.030 19.144.040 19.144.050 19.144.060 19.144.070 19.144.080 19.144.090 19.144.100 19.144.110 19.144.120 NextLast modified: April 7, 2009