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#1381121 - 04/23/10 10:45 PM DFI - Consumer Loan Act
mzachau, CRCM Offline
Gold Star
mzachau, CRCM
Joined: Oct 2006
Posts: 470
San Francisco
Is anyone aware of whether the consumer loan act provisions which become affective 7/1/2010 apply to a financial institutions affiliate who originates residential mortgage loans?

I saw within the act that it does not apply to banks but found no exemption for affiliates

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#1406225 - 06/21/10 06:55 PM Re: DFI - Consumer Loan Act mzachau, CRCM
West Coast Comp Offline
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West Coast Comp
Joined: Jun 2010
Posts: 350
Lost in the rain.
Please see RCW 31.04.025.

Depends on the relationship of the affiliate to the bank, to determine if they are "doing business under the laws..."
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