HTMLPDF | 208-620-010 | Definitions. |
HTMLPDF | 208-620-011 | How does the department interpret certain definitions in RCW 31.04.015? |
EXEMPTION FROM LICENSING |
HTMLPDF | 208-620-104 | Who is exempt from licensing as a consumer loan company? |
HTMLPDF | 208-620-105 | Who is exempt from licensing as a mortgage loan originator under this act? |
COMPANY LICENSING |
HTMLPDF | 208-620-230 | Do I need a consumer loan license to lend money, extend credit, service or modify the terms of residential mortgage loans, or service student education loans? |
HTMLPDF | 208-620-231 | Who must have a consumer loan license to service residential mortgage loans secured by Washington residential real estate or obligating Washington residents? |
HTMLPDF | 208-620-232 | Can I make a small number of residential mortgage loans without being licensed at the company level? |
HTMLPDF | 208-620-234 | Must a company that provides loan processing or underwriting services on residential mortgage loans be licensed under the Consumer Loan Act? |
HTMLPDF | 208-620-235 | When making loans, is there a maximum rate of interest allowed under the act? |
HTMLPDF | 208-620-250 | Is my company required to have a licensed location in the state of Washington? |
HTMLPDF | 208-620-251 | Are there any additional requirements for out-of-state licensees? |
HTMLPDF | 208-620-260 | If I am licensed under the Consumer Loan Act, can I broker residential mortgage loans in the state of Washington? |
HTMLPDF | 208-620-271 | Do I need a license to assist a homeowner with a residential mortgage loan modification? |
HTMLPDF | 208-620-280 | How do I apply for a consumer loan license? |
HTMLPDF | 208-620-281 | What will happen if my license application is incomplete? |
HTMLPDF | 208-620-282 | How do I withdraw my application for a license? |
HTMLPDF | 208-620-284 | What are my rights if the director denies my application for a license? |
HTMLPDF | 208-620-290 | What fees must I pay for my application for a consumer loan license? |
HTMLPDF | 208-620-300 | If I want to operate my business from more than one location, do I have to license each location? |
HTMLPDF | 208-620-301 | If I make residential mortgage loans and employ managers, must they license individually as mortgage loan originators? |
HTMLPDF | 208-620-310 | Is it necessary to license an office that is only providing underwriting and other back-office services? |
HTMLPDF | 208-620-320 | What is the amount of the surety bond required for my consumer loan license? |
HTMLPDF | 208-620-321 | What are the capital requirements for a nondepository residential mortgage loan servicer applicant and licensee servicing loans guaranteed by one or more government sponsored entity (GSE) and/or government corporation? |
HTMLPDF | 208-620-322 | What are the capital requirements for a nondepository residential mortgage loan servicer applicant or licensee servicing loans not guaranteed by a government sponsored entity (GSE) and/or government corporation? |
HTMLPDF | 208-620-324 | What are the capital requirements for a student education loan servicer? |
HTMLPDF | 208-620-327 | How often will my bond amount change? |
HTMLPDF | 208-620-328 | For purposes of the annual assessment and surety bond calculation, how often must I report my Washington activity? |
HTMLPDF | 208-620-330 | Does the surety bond need to reflect coverage for licensee and its W-2 employees and independent contractors? |
HTMLPDF | 208-620-340 | Do I have any alternative to maintaining a surety bond? |
HTMLPDF | 208-620-341 | If I originate residential mortgage loans and my company relies on the bond substitute, must my licensed mortgage loan originators obtain an individual bond? |
HTMLPDF | 208-620-350 | If I qualify to use a bond substitute in lieu of a surety bond, what documentation do I have to provide to the department? |
HTMLPDF | 208-620-360 | What if I use a bond substitute and my unimpaired capital falls below the minimum? |
HTMLPDF | 208-620-370 | What are the grounds for denying or conditioning my consumer loan company license application? |
HTMLPDF | 208-620-371 | May I employ someone to work with Washington residents or Washington property who has been convicted of a gross misdemeanor or felony, or who has had a financial services-related license revoked or suspended? |
HTMLPDF | 208-620-372 | Am I responsible for the actions of my employees and independent contractors? |
HTMLPDF | 208-620-373 | What happens to residential mortgage loans in the pipeline if a mortgage loan originator leaves my company? |
HTMLPDF | 208-620-374 | What action must I take in the NMLS if I fire a residential mortgage loan originator or if a residential mortgage loan originator quits? |
HTMLPDF | 208-620-378 | Knowledge of the law and rules. |
HTMLPDF | 208-620-400 | Can I share an office with another business? |
HTMLPDF | 208-620-420 | May I transact my company business in a name other than the name on my company license? |
HTMLPDF | 208-620-425 | May I transfer or assign my license? |
LICENSEE REPORT REQUIREMENTS |
HTMLPDF | 208-620-430 | What are my annual filing requirements as a consumer loan licensee? |
HTMLPDF | 208-620-431 | What are my quarterly call report filing requirements? |
HTMLPDF | 208-620-440 | How do I calculate the annual assessment for my nonmortgage activity in Washington? |
HTMLPDF | 208-620-441 | How do I calculate the annual assessment for my residential mortgage activity in Washington? |
HTMLPDF | 208-620-442 | How do I calculate the annual assessment for my student education loan servicing activity in Washington? |
HTMLPDF | 208-620-460 | Must I file my annual reports even if I go out of business during the year? |
HTMLPDF | 208-620-480 | What are my reporting responsibilities if my company files for bankruptcy? |
HTMLPDF | 208-620-490 | What are my reporting responsibilities when something of significance happens to my business? |
HTMLPDF | 208-620-499 | What are my reporting requirements if I want to close my company or surrender my license? |
HTMLPDF | 208-620-500 | What are my reporting requirements if I want to close one or more of my branch offices? |
DISCLOSURE AND OTHER OBLIGATIONS |
HTMLPDF | 208-620-505 | In addition to the Consumer Loan Act, what other laws do I have to comply with? |
HTMLPDF | 208-620-506 | Must my underwriting analysis of a borrower's residential mortgage loan application include a determination of the borrower's ability to repay the loan? |
HTMLPDF | 208-620-507 | What elements of an ability to repay analysis must be part of my underwriting policy of a conventional residential mortgage loan? |
HTMLPDF | 208-620-510 | What are my disclosure obligations to consumers? |
HTMLPDF | 208-620-511 | What is the disclosure required under RCW 19.144.020 for residential mortgage loans? |
HTMLPDF | 208-620-513 | In a residential mortgage loan transaction, what are my disclosure obligations to the company that brokered the loan to me? |
POWERS AND RESTRICTIONS |
HTMLPDF | 208-620-515 | What authority do I have after my license has been issued? |
RECORDKEEPING |
HTMLPDF | 208-620-520 | What are the records I must maintain and for how long must I maintain them? |
HTMLPDF | 208-620-530 | Can I maintain my records electronically? |
HTMLPDF | 208-620-531 | Must I have a business resumption plan? |
HTMLPDF | 208-620-532 | Records disposal. |
HTMLPDF | 208-620-540 | Do I need to account separately for payments from borrowers for third-party service providers? |
HTMLPDF | 208-620-545 | Must I provide a written agreement when I provide third-party residential mortgage loan modification services? |
RESTRICTIONS, PROHIBITIONS AND GROUNDS FOR REVOCATION |
HTMLPDF | 208-620-550 | What business practices are prohibited? |
HTMLPDF | 208-620-551 | Residential mortgage loan servicers—What business practices are prohibited? |
HTMLPDF | 208-620-552 | Third-party residential loan modification service providers—What business practices are prohibited? |
HTMLPDF | 208-620-553 | Conducting residential mortgage loan servicing activities in the United States or outside the United States. |
HTMLPDF | 208-620-554 | Conducting student education loan servicing activities in the United States or outside the United States. |
HTMLPDF | 208-620-555 | Allowable loan fees and timing of collection. |
HTMLPDF | 208-620-556 | What fees must I refund to the borrower if I provide services subject to the act but do not have a license? |
HTMLPDF | 208-620-560 | Restricted or conditional loan fees. |
HTMLPDF | 208-620-561 | What fees can I collect on VA loans? |
HTMLPDF | 208-620-563 | Prohibited fees on certain loans. |
HTMLPDF | 208-620-565 | What fees am I allowed to charge or receive when acting as a residential mortgage loan broker under the act? |
HTMLPDF | 208-620-566 | What fees am I not allowed to charge or receive when brokering residential mortgage loans under the act? |
HTMLPDF | 208-620-567 | What fees can I charge when servicing residential mortgage loans under the act? |
HTMLPDF | 208-620-568 | What fees am I not allowed to charge when providing third-party residential mortgage loan modification services under the act? |
HTMLPDF | 208-620-569 | What fees can I charge the student education loan borrower when servicing student education loans? |
HTMLPDF | 208-620-570 | What are the grounds for suspending or revoking a consumer loan company license? |
INFORMATION SECURITY |
HTMLPDF | 208-620-571 | Information security program required by the federal Safeguards Rule implementing the Gramm-Leach-Bliley Act. |
HTMLPDF | 208-620-572 | Consumer financial information privacy under the Gramm-Leach-Bliley Act (GLBA) and Regulation P. |
HTMLPDF | 208-620-573 | Notice to consumers of data breach. |
EXAMINATIONS |
HTMLPDF | 208-620-580 | As a licensee, will my business be subject to periodic examinations? |
HTMLPDF | 208-620-585 | Compliance management system (CMS). |
HTMLPDF | 208-620-590 | How much will I be charged for my examinations and when will the payment be due? |
HTMLPDF | 208-620-600 | How often will the department visit my business to examine my records? |
HTMLPDF | 208-620-601 | What assistance may the department seek in conducting an investigation or examination of my business? |
INVESTIGATIONS |
HTMLPDF | 208-620-610 | What authority does the department have to investigate violations of the Consumer Loan Act? |
HTMLPDF | 208-620-611 | What federal guidance has the director adopted for use by the department in determining if a violation under RCW 31.04.027 has occurred? |
HTMLPDF | 208-620-612 | What must I do to comply with the federal guidelines on nontraditional mortgage loan product risks and statement on subprime lending? |
HTMLPDF | 208-620-613 | When I develop policies and procedures to implement the federal guidelines on applicable conventional residential mortgage loans, what topics must be included? |
HTMLPDF | 208-620-614 | What Washington law protects my rights when my license is suspended or revoked? |
HTMLPDF | 208-620-615 | Application of the Administrative Procedure Act. |
ADVERTISING RESTRICTIONS |
HTMLPDF | 208-620-620 | How do I have to identify my business when I advertise? |
HTMLPDF | 208-620-621 | May I advertise over the internet using a URL address that is not my licensed business name? |
HTMLPDF | 208-620-622 | When advertising using the internet or any electronic form (including, but not limited to, text messages), is there specific content the advertisements must contain? |
HTMLPDF | 208-620-630 | What are some of the advertising restrictions I must comply with? |
HTMLPDF | 208-620-640 | What are some of the federal laws I must comply with when I advertise any loan subject to the Consumer Loan Act? |
MISCELLANEOUS |
HTMLPDF | 208-620-650 | Will the director waive fees charged under the Consumer Loan Act? |
HTMLPDF | 208-620-660 | What is required for a Washington licensed loan originator to work from their residence without licensing the residence as a branch location? |
MORTGAGE LOAN ORIGINATOR LICENSING |
HTMLPDF | 208-620-700 | Mortgage loan originator—General. |
HTMLPDF | 208-620-710 | Mortgage loan originator—Licensing. |
HTMLPDF | 208-620-715 | Temporary authority to originate loans. |
HTMLPDF | 208-620-720 | Loan originator—Prelicensing education. |
HTMLPDF | 208-620-725 | Mortgage loan originator—Testing. |
HTMLPDF | 208-620-730 | Loan originator—Continuing education. |
PROPRIETARY REVERSE MORTGAGE PRODUCTS |
HTMLPDF | 208-620-800 | What definitions are applicable to proprietary reverse mortgage products under the act? |
HTMLPDF | 208-620-805 | Does this part (WAC 208-620-800 through 208-620-850) apply to the FHA approved home equity conversion mortgage (HECM) product? |
HTMLPDF | 208-620-810 | What requirements must I meet before offering or making proprietary reverse mortgages to Washington residents? |
HTMLPDF | 208-620-820 | What specific loan terms and conditions are allowed or required in the proprietary reverse mortgages I make to Washington residents? |
HTMLPDF | 208-620-825 | What reverse mortgage program information must I submit to the director for approval before offering or making proprietary reverse mortgages? |
HTMLPDF | 208-620-830 | What disclosures or statements must I provide to a borrower in a reverse mortgage transaction? |
HTMLPDF | 208-620-835 | Under what circumstances will the department determine that the making of a reverse mortgage was unsuitable for a particular borrower and therefore an unfair and deceptive practice in violation of RCW 31.04.027? |
HTMLPDF | 208-620-850 | What is the process I must follow to obtain the department's approval of my proprietary reverse mortgage product? |
RESIDENTIAL MORTGAGE LOAN SERVICING REQUIREMENTS |
HTMLPDF | 208-620-900 | Servicing residential mortgage loans—General requirement. |
HTMLPDF | 208-620-905 | Servicing residential mortgage loans—Maintenance of the escrow account. |
HTMLPDF | 208-620-920 | Servicing residential mortgage loans—Borrower requests for information. |
HTMLPDF | 208-620-930 | Servicing residential mortgage loans—Loss mitigation. |
HTMLPDF | 208-620-935 | Servicing residential mortgage loans—Foreclosure. |
STUDENT EDUCATION LOAN SERVICING REQUIREMENTS |
HTMLPDF | 208-620-950 | Servicing student education loans—General requirements. |
HTMLPDF | 208-620-960 | Servicing student education loans—Requests for information. |
HTMLPDF | 208-620-970 | Servicing student education loans—Acquiring, transferring, or selling servicing activities. |