Revised Code of Washington - RCW Title 19 Business Regulations -- Miscellaneous - Chapter 19.144 Mortgage Lending And Homeownership

• 19.144.005 Findings -- 2008 c 108
  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 ...
• 19.144.010 Definitions
  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 ...
• 19.144.020 Disclosure requirements -- Department duties
  (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 ...
• 19.144.030 Interagency guidance on nontraditional mortgage product risks and the statement on subprime mortgage lending
  (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 ...
• 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 ...
• 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 ...
• 19.144.060 Risk grade determination
  A person licensed or subject to licensing, or otherwise subject to regulation pursuant to chapter 19.146 RCW, or a consumer loan company licensed or subject ...
• 19.144.070 Rule-making authority
  The department may adopt rules necessary to implement this chapter, including but not limited to the authority to identify which sections of chapter 108, Laws ...
• 19.144.080 Unlawful actions -- Fraud, misrepresentation, deceptive practices
  It is unlawful for any person in connection with making, brokering, or obtaining a residential mortgage loan to directly or indirectly: (1)(a) Employ any scheme, ...
• 19.144.090 Criminal penalties -- Dates of limitation -- Civil penalty
  (1) Any person who knowingly violates RCW 19.144.080 or who knowingly aids or abets in the violation of RCW 19.144.080 is guilty of a class ...
• 19.144.100 Unlawful actions -- Proceeds and interest in real property -- Criminal penalties
  (1)(a) It is unlawful for a person to use or invest proceeds, or any part of proceeds, knowing that the proceeds, or any part of ...
• 19.144.110 Civil and administrative penalties
  Any penalty imposed for violation of this chapter is in addition to, and not in lieu of, any civil or administrative penalty or sanction otherwise ...
• 19.144.120 Director -- Powers -- Enforcement of chapter
  The director or the director's designee may, at his or her discretion, take such actions as provided for in Titles 30, 32, and 33 RCW, ...

Last modified: April 7, 2009