Do I need to account separately for payments from borrowers for third-party service providers?
Yes. You must separately account for all deposits and disbursements made by or for borrowers for third-party service providers. You must not use those funds for your benefit or for the benefit of any person not entitled to such benefit.
[Statutory Authority: RCW
43.320.040 and
31.04.165. WSR 13-24-024, § 208-620-540, filed 11/22/13, effective 1/1/14. Statutory Authority: RCW
31.04.165,
31.04.015,
31.04.045,
31.04.075,
31.04.085,
31.04.093,
31.04.102,
31.04.115,
31.04.145,
31.04.155, and
31.04.175. WSR 06-04-053, § 208-620-540, filed 1/27/06, effective 2/27/06.]