Statutes, codes, and regulations
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?

Wash. Admin. Code § 208-620-341

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Current through Register Vol. 24-21, November 1, 2024
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?

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

Wash. Admin. Code § 208-620-341

Amended by WSR 13-24-024, filed 11/22/13, effective 1/1/2014

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.