Current through the 2024 Regular Session
Section 19.146.040 - Written contract required-Contract entered by loan originator binding on mortgage broker-Written loan broker agreement required(1) Every contract between a mortgage broker, or a loan originator, and a borrower must be in writing and contain the entire agreement of the parties.(2) Any contract under this section entered by a loan originator is binding on the mortgage broker.(3) A mortgage broker must have a written loan broker agreement with a lender before any solicitation of, or contracting with, the public.Amended by 2015 c 229,§ 9, eff. 7/24/2015.2006 c 19 § 6; 1994 c 33 § 19; 1987 c 391 § 6.