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
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Section 208-620-611 - What federal guidance has the director adopted for use by the department in determining if a violation under RCW 31.04.027 has occurred?

Wash. Admin. Code § 208-620-611

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Current through Register Vol. 24-23, December 1, 2024
Section 208-620-611 - What federal guidance has the director adopted for use by the department in determining if a violation under RCW 31.04.027 has occurred?

The director has adopted:

(1) The Conference of State Bank Supervisors and American Association of Residential Mortgage Regulators "Guidance on Nontraditional Mortgage Product Risks" (released November 14, 2006); and
(2) The Conference of State Bank Supervisors, American Association of Residential Mortgage Regulators, and National Association of Consumer Credit Administrators "Statement on Subprime Mortgage Lending," effective July 10, 2007 (published in the Federal Register at Vol. 72, No. 131).

Wash. Admin. Code § 208-620-611

Statutory Authority: RCW 43.320.040, 19.144.070, 2008 c 78. 09-01-159, § 208-620-611, filed 12/23/08, effective 1/23/09. Statutory Authority: RCW 43.320.040. 08-15-125, § 208-620-611, filed 7/22/08, effective 8/22/08.