§ 48.160.001 Purpose — Application
§ 48.160.005 Guaranteed asset protection waiver account
§ 48.160.010 Definitions
§ 48.160.020 Waivers limited to motor vehicle financing — Registration, when required — Application
§ 48.160.030 Waivers — Requirements for offering, selling, or providing — Terms — Insuring obligations — Funds — Assignment
§ 48.160.040 Insuring waiver obligations — Contractual liability or other insurance policies
§ 48.160.050 Required disclosures
§ 48.160.060 Cancellations — Refunds — Free look period — Disclosure required
§ 48.160.070 Commissioner’s authority to enforce chapter — Rules
§ 48.160.080 Failure to register when required — Criminal and civil penalties — Personal liability
§ 48.160.900 Date of application — 2009 c 334
lawyer at desk

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Washington Code > Chapter 48.160 - Guaranteed asset protection waivers

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
  • Fiduciary: A trustee, executor, or administrator.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • 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
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC