WAC 208-620-540: Do I need to account separately for payments from borrowers for third party service providers?

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WACs > Title 208 > Chapter 208-620 > Section 208-620-540

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208-620-531 << 208-620-540 >> 208-620-545

WAC 208-620-540	Agency filings affecting this section
Do I need to account separately for payments from borrowers for third party service providers?

A licensee must separately account for all deposits and disbursements made by or for borrowers for third party service providers. The funds may not be used for the benefit of the licensee or any person not entitled to such benefit.

[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. 06-04-053, § 208-620-540, filed 1/27/06, effective 2/27/06.]