PDFWAC 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?

(1) With residential mortgage loans you must refund any nonthird-party fees (not interest) that inured to your benefit.
(2) With nonresidential mortgage loans you must refund interest and nonthird-party fees that inured to your benefit.
[Statutory Authority: RCW 43.320.040 and 31.04.165. WSR 13-24-024, § 208-620-556, filed 11/22/13, effective 1/1/14.]