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2017 Revised Code of Washington
Title 19 - BUSINESS REGULATIONS—MISCELLANEOUS
19.144 Mortgage lending and homeownership.
19.144.040 Prepayment penalty or fee—Limitation.
Universal Citation: WA Rev Code § 19.144.040 (2017)
RCW 19.144.040 Prepayment penalty or fee—Limitation.
A financial institution may not make or facilitate the origination of a residential mortgage loan that includes a prepayment penalty or fee that extends beyond sixty days prior to the initial reset period of an adjustable rate mortgage.
[ 2008 c 108 § 5.]
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