Chapter 31.04 RCW

CONSUMER LOAN ACT

Sections

HTMLPDF 31.04.015Definitions.
HTMLPDF 31.04.025Application of chapter.
HTMLPDF 31.04.027Violations of chapter.
HTMLPDF 31.04.035License requiredWhen violation occurs.
HTMLPDF 31.04.045LicenseApplicationBackground checksFeeSurety bond.
HTMLPDF 31.04.055LicenseDirector's duties.
HTMLPDF 31.04.065LicenseInformation contained.
HTMLPDF 31.04.075LicenseePlace of business.
HTMLPDF 31.04.085LicenseeAssessmentBondTime of payment.
HTMLPDF 31.04.093LicensingApplicationsRegulation of licenseesDirector's duties and authorityFinesOrdersStatute of limitations.
HTMLPDF 31.04.102Loans secured, or not secured, by lien on real propertyLicensee's obligationsDisclosure of fees and costs to borrowerTime limits.
HTMLPDF 31.04.105LicenseePowersRestrictions.
HTMLPDF 31.04.115Open-end loanRequirementsRestrictionsOptions.
HTMLPDF 31.04.125Loan restrictionsInterest calculations.
HTMLPDF 31.04.135Advertisements or promotions.
HTMLPDF 31.04.143Subpoena authorityApplicationContentsNoticeFees.
HTMLPDF 31.04.145Investigations and examinationsDirector's duties and powersProduction of informationCosts.
HTMLPDF 31.04.155LicenseeRecordkeepingDirector's accessReport requirementFailure to report.
HTMLPDF 31.04.165DirectorBroad administrative discretionRule makingActions in superior court.
HTMLPDF 31.04.168DirectorPowers under chapter 19.144 RCW.
HTMLPDF 31.04.175ViolationsNo penalty prescribedGross misdemeanorGood faith exception.
HTMLPDF 31.04.202Application of administrative procedure act.
HTMLPDF 31.04.205Enforcement of chapterDirector's discretionHearingSanctionsRecovery of costs.
HTMLPDF 31.04.208Application of consumer protection act.
HTMLPDF 31.04.211Application of chapter2009 c 120.
HTMLPDF 31.04.221Mortgage loan originatorLicense requiredUnique identifier required.
HTMLPDF 31.04.224Licensing exemptionsResidential mortgage loans.
HTMLPDF 31.04.227Mortgage loan originationIndependent contractors.
HTMLPDF 31.04.231Individual loan processorLicensing exemptions.
HTMLPDF 31.04.234Mortgage loan originator licenseApplication form and content.
HTMLPDF 31.04.237Use of nationwide mortgage licensing system and registry.
HTMLPDF 31.04.241Mortgage loan originator applicationRequired submission and use of personal information.
HTMLPDF 31.04.244Mortgage loan originator applicationRequired informationFees.
HTMLPDF 31.04.247Issuance of mortgage loan originator licenseNecessary findings.
HTMLPDF 31.04.251Mortgage loan originator licenseRenewalSurrenderRules.
HTMLPDF 31.04.254Mortgage loan originator licensing processRulesInterim procedures.
HTMLPDF 31.04.257Mortgage loan originator interim license.
HTMLPDF 31.04.261Mortgage loan originatorPrelicensing education requirements.
HTMLPDF 31.04.264Mortgage loan originatorTesting requirements.
HTMLPDF 31.04.267Mortgage loan originatorContinuing education requirements.
HTMLPDF 31.04.271Mortgage loan originatorsSystem information may be challenged.
HTMLPDF 31.04.274Information provided to nationwide mortgage licensing system and registryConfidentialityRestrictions on sharing.
HTMLPDF 31.04.277Consumer loan companiesWhen reports of condition are required.
HTMLPDF 31.04.281Reports of violation2009 c 120.
HTMLPDF 31.04.284Mortgage loan originatorUnique identifierDisplay.
HTMLPDF 31.04.290Residential mortgage loan servicerRequirementsWritten detailed information.
HTMLPDF 31.04.293Residential mortgage loan modification servicesWritten disclosure summaryLimitation on feesRules.
HTMLPDF 31.04.297Third-party residential mortgage loan modification services providersDutiesRestrictions.
HTMLPDF 31.04.300Residential mortgage loan servicerLiquidity, operating reserves, tangible net worth requirements.
HTMLPDF 31.04.310Residential mortgage or student education loan servicerAppointment of receiver.
HTMLPDF 31.04.400Program for student education loan servicersStudent achievement council's student loan advocateCostsFees.
HTMLPDF 31.04.405Requirements for a student education loan servicerBorrower request for informationTransfer of service rightsRecordsRulesDirector's obligations.
HTMLPDF 31.04.410Student education loan servicer licensee.
HTMLPDF 31.04.415Third-party student education loan modification servicesRestrictionsRequirements.
HTMLPDF 31.04.420Subject to student education loan servicer requirementsExempt from licensing.
HTMLPDF 31.04.430Dog or cat purchase contracts.
HTMLPDF 31.04.435Finance or loan for purchase of dog or catProhibition.
REVERSE MORTGAGE LENDING
HTMLPDF 31.04.500Short title.
HTMLPDF 31.04.505Definitions.
HTMLPDF 31.04.510Requirements of licenseeMinimum capitalExceptions.
HTMLPDF 31.04.515Loan requirementsComplianceRules.
HTMLPDF 31.04.520Right to rescind transaction.
HTMLPDF 31.04.525Preapproval required from department of financial institutionsApplication of sectionRules.
HTMLPDF 31.04.530Required notice to prospective borrower about counselingFormContentsAnnual disclosure statementsProperty appraisals.
HTMLPDF 31.04.535Lender defaultTreble damagesCivil remedies.
HTMLPDF 31.04.540Loan advancesEligibility and benefits under means-tested programsSubject to federal law.
HTMLPDF 31.04.901Short title.
HTMLPDF 31.04.902Effective dates, implementation1991 c 208.
HTMLPDF 31.04.903Effective date2009 c 120.
HTMLPDF 31.04.904Effective date2010 c 35.
HTMLPDF 31.04.905Application2018 c 62.
HTMLPDF 31.04.906Short title2018 c 62.

NOTES:

Business license system exemption: RCW 19.02.800.
Department of financial institutions: Chapter 43.320 RCW.