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RCWs > Title 19 > Chapter 19.144 > Section 19.144.040

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19.144.030 << 19.144.040 >> 19.144.050

RCW 19.144.040

Prepayment penalty or fee — Limitation.

A financial institution may not make or facilitate the origination of a residential mortgage loan that includes a prepayment penalty or fee that extends beyond sixty days prior to the initial reset period of an adjustable rate mortgage.

[2008 c 108 § 5.]