§ 18.28.010 Definitions
§ 18.28.080 Fees for debt adjusting services — Limitations — Requirements
§ 18.28.090 Excess charges — Contract void — Return of payments
§ 18.28.100 Contract requirements
§ 18.28.110 Debt adjuster — Functions required to be performed
§ 18.28.120 Debt adjuster — Prohibited acts
§ 18.28.130 Legal services — Rendering or obtaining — Using name of attorney — Prohibited
§ 18.28.140 Assignment of wages not prohibited
§ 18.28.150 Trust account for payments by debtor — Disbursements
§ 18.28.165 Investigations
§ 18.28.180 Administrative procedure act to govern administration
§ 18.28.185 Violations — Unfair practice under chapter 19.86 RCW
§ 18.28.190 Violations — Penalty
§ 18.28.200 Violations — Injunctions
§ 18.28.210 Violations — Assurance of discontinuance — Effect
§ 18.28.220 Violation of injunction — Civil penalty
§ 18.28.800 Nonprofit or exempt organizations — Report
§ 18.28.900 Saving prior contracts

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Terms Used In Washington Code > Chapter 18.28 - Debt adjusting

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Debt adjusting: means the managing, counseling, settling, adjusting, prorating, or liquidating of the indebtedness of a debtor, or receiving funds for the purpose of distributing said funds among creditors in payment or partial payment of obligations of a debtor. See Washington Code 18.28.010
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fair share: means the creditor contributions paid to nonprofit debt adjusters by the creditors whose consumers receive debt adjusting services from the nonprofit debt adjusters and pay down their debt accordingly. See Washington Code 18.28.010
  • Financial institution: means any person doing business under the laws of any state or the United States relating to commercial banks, bank holding companies, savings banks, savings and loan associations, trust companies, or credit unions. See Washington Code 18.28.010
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • Personal property: All property that is not real property.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Third-party account administrator: means an independent entity that holds or administers a dedicated bank account for fees and payments to creditors, debt collectors, debt adjusters, or debt adjusting agencies in connection with the renegotiation, settlement, reduction, or other alteration of the terms of payment or other terms of a debt. See Washington Code 18.28.010
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC