Washington Code 19.149.010 – Definitions
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Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter:
Terms Used In Washington Code 19.149.010
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
(1) “Lender” means any person doing business under the laws of this state or the United States relating to banks, savings banks, trust companies, savings and loan associations, credit unions, consumer loan companies, insurance companies, real estate investment trusts as defined in 26 U.S.C. § 856 and the affiliates, subsidiaries, and service corporations thereof, and all other persons who make residential mortgage loans.
(2) “Residential mortgage loan” means any loan used for the purchase of a single-family dwelling or multiple-family dwelling of four or less units secured by a mortgage or deed of trust on the residential real estate.
[ 1994 c 295 § 1.]