2005 Washington Revised Code RCW 19.146.040: Written contract required — Written correspondent or loan brokerage agreement required. (Effective until January 1, 2007.)
(1) Every contract between a mortgage broker and a borrower shall be in writing and shall contain the entire agreement of the parties.
(2) A mortgage broker shall have a written correspondent or loan brokerage agreement with a lender before any solicitation of, or contracting with, the public.
[1994 c 33 § 19; 1987 c 391 § 6.]
Written contract required — Contract entered by loan originator binding on mortgage broker — Written correspondent or loan broker agreement required. (Effective January 1, 2007.)
(1) Every contract between a mortgage broker, or a loan originator, and a borrower shall be in writing and shall contain the entire agreement of the parties.
(2) Any contract under this section entered by a loan originator shall be binding on the mortgage broker.
(3) A mortgage broker shall have a written correspondent or loan broker agreement with a lender before any solicitation of, or contracting with, the public.
[2006 c 19 § 6; 1994 c 33 § 19; 1987 c 391 § 6.]
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