Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)
Chapter 208-620 - Washington Consumer Loan Act
COMPANY LICENSING
Section 208-620-341 - If I originate residential mortgage loans and my company relies on the bond substitute, must my licensed mortgage loan originators obtain an individual bond?

Universal Citation: WA Admin Code 208-620-341

Current through Register Vol. 24-24, December 15, 2024

Yes. They must each obtain individual bonds based on their mortgage loan origination volume. See WAC 208-620-710(3)(i).

Statutory Authority: RCW 43.320.040 and 31.04.165. 12-18-047, § 208-620-341, filed 8/29/12, effective 11/1/12. Statutory Authority: RCW 43.320.040, 31.04.165, 2009 c 120, and 2009 c 149. 09-24-090, § 208-620-341, filed 12/1/09, effective 1/1/10.

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