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:

IntentRetroactive application1998 c 311 §§ 1 and 3: See note following RCW 19.146.050.
Severability1997 c 106: See note following RCW 19.146.010.

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Terms Used In Washington Code 82.04.392

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.