Revised Code of Washington
2024 Archive

Chapter 31.04 RCW
CONSUMER LOAN ACT
PDF of Chapter Digest
PDF of Complete Chapter
Sections
31.04.015Definitions.
31.04.025Application of chapter.
31.04.027Violations of chapter.
31.04.035License required—When violation occurs.
31.04.045License—Application—Background checks—Fee—Surety bond.
31.04.055License—Director's duties.
31.04.065License—Information contained.
31.04.075Licensee—Place of business.
31.04.085Licensee—Assessment—Bond—Time of payment.
31.04.093Licensing—Applications—Regulation of licensees—Director's duties and authority—Fines—Orders—Statute of limitations.
31.04.102Loans secured, or not secured, by lien on real property—Licensee's obligations—Disclosure of fees and costs to borrower—Time limits.
31.04.105Licensee—Powers—Restrictions.
31.04.115Open-end loan—Requirements—Restrictions—Options.
31.04.125Loan restrictions—Interest calculations.
31.04.135Advertisements or promotions.
31.04.143Subpoena authority—Application—Contents—Notice—Fees.
31.04.145Investigations and examinations—Director's duties and powers—Production of information—Costs.
31.04.155Licensee—Recordkeeping—Director's access—Report requirement—Failure to report.
31.04.165Director—Broad administrative discretion—Rule making—Actions in superior court.
31.04.168Director—Powers under chapter 19.144 RCW.
31.04.175Violations—No penalty prescribed—Gross misdemeanor—Good faith exception.
31.04.202Application of administrative procedure act.
31.04.205Enforcement of chapter—Director's discretion—Hearing—Sanctions—Recovery of costs.
31.04.208Application of consumer protection act.
31.04.211Application of chapter—2009 c 120.
31.04.221Mortgage loan originator—License required—Unique identifier required.
31.04.224Licensing exemptions—Residential mortgage loans.
31.04.227Mortgage loan origination—Independent contractors.
31.04.231Individual loan processor—Licensing exemptions.
31.04.234Mortgage loan originator license—Application form and content.
31.04.237Use of nationwide mortgage licensing system and registry.
31.04.241Mortgage loan originator application—Required submission and use of personal information.
31.04.244Mortgage loan originator application—Required information—Fees.
31.04.247Issuance of mortgage loan originator license—Necessary findings.
31.04.251Mortgage loan originator license—Renewal—Surrender—Rules.
31.04.254Mortgage loan originator licensing process—Rules—Interim procedures.
31.04.257Mortgage loan originator interim license.
31.04.261Mortgage loan originator—Prelicensing education requirements.
31.04.264Mortgage loan originator—Testing requirements.
31.04.267Mortgage loan originator—Continuing education requirements.
31.04.271Mortgage loan originators—System information may be challenged.
31.04.274Information provided to nationwide mortgage licensing system and registry—Confidentiality—Restrictions on sharing.
31.04.277Consumer loan companies—When reports of condition are required.
31.04.281Reports of violation—2009 c 120.
31.04.284Mortgage loan originator—Unique identifier—Display.
31.04.290Residential mortgage loan servicer—Requirements—Written detailed information.
31.04.293Residential mortgage loan modification services—Written disclosure summary—Limitation on fees—Rules.
31.04.297Third-party residential mortgage loan modification services providers—Duties—Restrictions.
31.04.300Residential mortgage loan servicer—Liquidity, operating reserves, tangible net worth requirements.
31.04.310Residential mortgage or student education loan servicer—Appointment of receiver.
31.04.400Program for student education loan servicers—Student achievement council's student loan advocate—Costs—Fees.
31.04.405Requirements for a student education loan servicer—Borrower request for information—Transfer of service rights—Records—Rules—Director's obligations.
31.04.410Student education loan servicer licensee.
31.04.415Third-party student education loan modification services—Restrictions—Requirements.
31.04.420Subject to student education loan servicer requirements—Exempt from licensing.
31.04.430Dog or cat purchase contracts.
31.04.435Finance or loan for purchase of dog or cat—Prohibition.
REVERSE MORTGAGE LENDING
31.04.500Short title.
31.04.505Definitions.
31.04.510Requirements of licensee—Minimum capital—Exceptions.
31.04.515Loan requirements—Compliance—Rules.
31.04.520Right to rescind transaction.
31.04.525Preapproval required from department of financial institutions—Application of section—Rules.
31.04.530Required notice to prospective borrower about counseling—Form—Contents—Annual disclosure statements—Property appraisals.
31.04.535Lender default—Treble damages—Civil remedies.
31.04.540Loan advances—Eligibility and benefits under means-tested programs—Subject to federal law.
31.04.901Short title.
31.04.902Effective dates, implementation—1991 c 208.
31.04.903Effective date—2009 c 120.
31.04.904Effective date—2010 c 35.
31.04.905Application—2018 c 62.
31.04.906Short title—2018 c 62.
NOTES:
Business license system exemption: RCW 19.02.800.
Department of financial institutions: Chapter 43.320 RCW.