State Codes and Statutes

Statutes > Washington > Title-19 > 19-144 > 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.]

State Codes and Statutes

Statutes > Washington > Title-19 > 19-144 > 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.]


State Codes and Statutes

State Codes and Statutes

Statutes > Washington > Title-19 > 19-144 > 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.]