WSR 07-07-114

PREPROPOSAL STATEMENT OF INQUIRY

DEPARTMENT OF

FINANCIAL INSTITUTIONS

[ Filed March 20, 2007, 10:47 a.m. ]

Subject of Possible Rule Making: Regulating mortgage brokers and loan originators licensed under chapter 19.146 RCW.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 43.320.040, 19.146.223.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Existing rules must be amended for clarity and consistency in implementing chapter 19.146 RCW which was significantly amended by chapter 19, Laws of 2006.

Process for Developing New Rule: The division will seek input from stakeholders concerning these proposed rules. The division may also discuss any proposed rules with other interested parties or regulatory agencies.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jeannette Terry, Division of Consumer Services, P.O. Box 41200, Olympia, WA 98504-1200, (360) 902-8786, jterry@dfi.wa.gov.

March 15, 2007

Deborah Bortner, Director

Division of Consumer Services

Washington State Code Reviser's Office