Washington Code 82.04.392 – Exemptions — Mortgage brokers’ third-party provider services trust accounts
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This chapter shall not apply to amounts received from trust accounts to mortgage brokers for the payment of third-party costs if the accounts are operated in a manner consistent with RCW 19.146.050 and any rules adopted by the director of financial institutions.
NOTES:
Intent—Retroactive application—1998 c 311 §§ 1 and 3: See note following RCW 19.146.050.
Severability—1997 c 106: See note following RCW 19.146.010.
Terms Used In Washington Code 82.04.392
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.