BILL REQ. #:  H-0714.2 



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HOUSE BILL 1588
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State of Washington61st Legislature2009 Regular Session

By Representatives Kirby, Bailey, Hurst, Roach, Simpson, and Morrell

Read first time 01/23/09.   Referred to Committee on Financial Institutions & Insurance.



     AN ACT Relating to residential mortgage loan fees; and adding a new section to chapter 19.144 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1   A new section is added to chapter 19.144 RCW to read as follows:
     This chapter does not prohibit a financial institution from charging fees, including discount points, permitted by the federal housing administration in connection with a residential mortgage loan insured by the federal housing administration or permitted by the federal veterans administration in connection with a residential mortgage loan under the federal veterans administration home loan guaranty program.

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