Washington Code 18.51.520 – Receivership — Foreclosures and seizures not allowed
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No seizure, foreclosure, or interference with nursing home revenues, supplies, real property, improvements, or equipment may be allowed for the duration of the receivership without prior court approval.
[ 1987 c 476 § 21.]
Terms Used In Washington Code 18.51.520
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.