Revised Code of Washington - RCW Title 61 Mortgages, Deeds Of Trust, And Real Estate Contracts - Chapter 61.34 Distressed Property Conveyances

61.34.010 Legislative findings
The legislature finds that persons are engaging in patterns of conduct which defraud innocent homeowners of their equity interest or other value in residential dwellings ...

61.34.020 Definitions
*** CHANGE IN 2009 *** (SEE 5221.SL) *** Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) An ...

61.34.030 Criminal penalty
Any person who wilfully engages in a pattern of equity skimming is guilty of a class B felony under RCW 9A.20.021. Equity skimming shall be ...

61.34.040 Application of consumer protection act -- Remedies are cumulative
(1) In addition to the criminal penalties provided in RCW 61.34.030, the legislature finds that the practices covered by this chapter are matters vitally affecting ...

61.34.045 Arbitration not required
(1) Any provision in a contract that attempts or purports to require arbitration of any dispute arising under this chapter is void at the option ...

61.34.050 Distressed home consulting transaction -- Requirements -- Notice
(1) A distressed home consulting transaction must: (a) Be in writing in at least twelve-point font; (b) Be in the same language as principally used ...

61.34.060 Distressed home consultant -- Fiduciary duties
A distressed home consultant has a fiduciary relationship with the distressed homeowner, and each distressed home consultant is subject to all requirements for fiduciaries otherwise ...

61.34.070 Waiver of rights
(1) A person may not induce or attempt to induce a distressed homeowner to waive his or her rights under this chapter. (2) Any waiver ...

61.34.080 Distressed home reconveyance -- Requirements
A distressed home purchaser shall enter into a distressed home reconveyance in the form of a written contract. The contract must be written in at ...

61.34.090 Distressed home reconveyance -- Entire agreement -- Terms -- Notice
The contract required in RCW 61.34.080 must contain the entire agreement of the parties and must include the following: (1) The name, business address, and ...

61.34.100 Distressed homeowner's right to cancel
(1) In addition to any other right of rescission, a distressed homeowner has the right to cancel any contract with a distressed home purchaser until ...

61.34.110 Notice of distressed homeowner's right to cancel
(1) The contract required in RCW 61.34.080 must contain, in immediate proximity to the space reserved for the distressed homeowner's signature, the following conspicuous statement ...

61.34.120 Distressed home purchaser -- Prohibited practices
A distressed home purchaser shall not: (1) Enter into, or attempt to enter into, a distressed home conveyance with a distressed homeowner unless the distressed ...

61.34.900 Severability -- 1988 c 33
If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application ...