reglab/housing_qa huggingface dataset:
WA Rev Code § 31.04.055 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.055 - License—Director's duties.

RCW 31.04.055 License—Director's duties.(1) The director shall issue and deliver a license to the applicant to make loans in accordance with this chapter at the location specified in the application if, after investigation, the director finds that:(a) The applicant has paid all required fees;(b) The applicant has submitted a complete application in compliance with RCW 31.04.045;(c) Neither the applicant nor its officers or principals have had a license issued under this section or any other section, in this state or another state, revoked or suspended within the last five years of the date of filing of the application;(d) Neither the applicant nor any of its officers or principals have been convicted of a gross misdemeanor involving dishonesty or financial misconduct or a felony or a violation of the banking laws of this state or of the United States within seven years of the filing of an application;(e) The financial responsibility, experience, character, and general fitness of the applicant are such as to command the confidence of the community and to warrant a belief that the business will be operated honestly, fairly, and efficiently within the purposes of this chapter; and(f) Neither the applicant nor any of its principals have provided unlicensed residential mortgage loan modification services in this state in the five years prior to the filing of the present application.(2) If the director does not find the conditions of subsection (1) of this section have been met, the director shall not issue the license. The director shall notify the applicant of the denial and return to the applicant the bond posted and the sum paid by the applicant as a license fee, retaining the investigation fee to cover the costs of investigating the application. The director shall approve or deny every application for license under this chapter within ninety days from the filing of a complete application with the fees and the approved bond.[ 2010 c 35 § 4; 2001 c 81 § 5; 1994 c 92 § 163; 1991 c 208 § 6.]
WA Rev Code § 31.04.065 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.065 - License—Information contained.

RCW 31.04.065 License—Information contained.The license shall state the address at which the business is to be conducted and shall state fully the name of the licensee, and if the licensee is a copartnership or association, the names of its members, and if a corporation, the date and place of its incorporation. The license is not transferable or assignable.[ 2012 c 17 § 3; 1991 c 208 § 7.]
WA Rev Code § 31.04.075 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.075 - Licensee—Place of business.

RCW 31.04.075 Licensee—Place of business.(1) The licensee may not maintain more than one place of business under the same license unless:(a) The director authorizes more than one license to the same licensee upon approval of an application by the licensee in a form and manner established by the director; or(b) The place of business is a licensed mortgage loan originator's residence and the licensed mortgage loan originator and licensed sponsoring company comply with state and federal information security requirements and all other requirements set forth in rule for mortgage loan originators working from their residences as provided in this chapter and in rule, consistent with the purposes of this section.(2) Whenever a licensee wishes to change the place of business to a street address other than that reported in the nationwide mortgage licensing system and registry, the licensee must give prior written notice to the director, pay the fee, and obtain the director's approval.[ 2021 c 15 § 2; 2015 c 229 § 23; 2001 c 81 § 6; 1994 c 92 § 164; 1991 c 208 § 8.]
WA Rev Code § 31.04.085 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.085 - Licensee—Assessment—Bond—Time of payment.

RCW 31.04.085 Licensee—Assessment—Bond—Time of payment.(1) A licensee shall, for each license held by any person, on or before the first day of each March, pay to the director an annual assessment as determined by rule by the director. The licensee shall be responsible for payment of the annual assessment for the previous calendar year if the licensee had a license for any time during the preceding calendar year, regardless of whether they surrendered their license during the calendar year or whether their license was suspended or revoked. At the same time the licensee shall file with the director the required bond or otherwise demonstrate compliance with RCW 31.04.045.(2) The director may establish a different yearly assessment fee for persons servicing residential mortgage loans.[ 2010 c 35 § 5; 2001 c 81 § 7; 1994 c 92 § 165; 1991 c 208 § 9.]
WA Rev Code § 31.04.105 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.105 - Licensee—Powers—Restrictions.

RCW 31.04.105 Licensee—Powers—Restrictions.Every licensee may:(1) Lend money at a rate that does not exceed twenty-five percent per annum as determined by the simple interest method of calculating interest owed;(2) In connection with the making of a loan, charge the borrower a nonrefundable, prepaid, loan origination fee not to exceed four percent of the first twenty thousand dollars and two percent thereafter of the principal amount of the loan advanced to or for the direct benefit of the borrower, which fee may be included in the principal balance of the loan;(3) Agree with the borrower for the payment of fees to third parties other than the licensee who provide goods or services to the licensee in connection with the preparation of the borrower's loan, including, but not limited to, credit reporting agencies, title companies, appraisers, structural and pest inspectors, and escrow companies, when such fees are actually paid by the licensee to a third party for such services or purposes and may include such fees in the amount of the loan. However, no charge may be collected unless a loan is made, except for reasonable fees properly incurred for a credit report and in connection with the appraisal of property by a qualified, independent, professional, third-party appraiser selected by the borrower and approved by the lender or in the absence of borrower selection, selected by the lender;(4) In connection with the making of a loan secured by real estate, when the borrower actually obtains a loan, agree with the borrower to pay a fee to a mortgage broker that is not owned by the licensee or under common ownership with the licensee and that performed services in connection with the origination of the loan. A licensee may not receive compensation as a mortgage broker in connection with any loan made by the licensee;(5) Collect at the time of the loan closing up to but not exceeding forty-five days of prepaid interest;(6) Charge and collect a penalty of not more than ten percent of any installment payment delinquent ten days or more;(7) Collect from the debtor reasonable attorneys' fees, actual expenses, and costs incurred in connection with the collection of a delinquent debt, a repossession, or a foreclosure when a debt is referred for collection to an attorney who is not a salaried employee of the licensee;(8) Make open-end loans as provided in this chapter;(9) Charge and collect a fee for dishonored checks in an amount approved by the director; and(10) In accordance with Title 48 RCW, sell insurance covering real and personal property, covering the life or disability or both of the borrower, and covering the involuntary unemployment of the borrower.[ 2015 c 229 § 28; 2013 c 29 § 7; 2009 c 120 § 7; 2001 c 81 § 10; 1998 c 28 § 1; 1994 c 92 § 167; 1993 c 190 § 1; 1991 c 208 § 11.]NOTES:Findings—Declaration—2009 c 120: See note following RCW 31.04.015.
WA Rev Code § 31.04.125 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.125 - Loan restrictions—Interest calculations.

RCW 31.04.125 Loan restrictions—Interest calculations.(1) No licensee may make a loan using any method of calculating interest other than the simple interest method; except that the add-on method of calculating interest may be used for a loan not secured by real property or personal property used as a residence when the repayment period does not exceed three years and fifteen days after the loan origination date.(2) No licensee may make a loan using the add-on method to calculate interest that does not provide for a refund to the borrower or a credit to the borrower's account of any unearned interest when the loan is repaid before the original maturity date in full by cash, by a new loan, by refinancing, or otherwise before the final due date. The refund must be calculated using the actuarial method, unless a sum equal to two or more installments has been prepaid and the account is not in arrears and continues to be paid ahead, in which case the interest on the account must be recalculated by the simple interest method with the refund of unearned interest made as if the loan had been made using the simple interest method. When computing an actuarial refund, the lender may round the annual rate used to the nearest quarter of one percent.In computing a required refund of unearned interest, a prepayment made on or before the fifteenth day after the scheduled payment date is deemed to have been made on the payment date preceding the prepayment. In the case of prepayment before the first installment due date, the company may retain an amount not to exceed one-thirtieth of the first month's interest charge for each day between the origination date of the loan and the actual date of prepayment.(3) No licensee may provide credit life or disability insurance in an amount greater than that required to pay off the total balance owing on the date of the borrower's death net of refunds in the case of credit life insurance, or all minimum payments that become due on the loan during the covered period of disability in the case of credit disability insurance. The lender may not require any such insurance.(4) Except in the case of loans by mail, where the borrower has sufficient time to review papers before returning them, no licensee may prepare loan papers in advance of the loan closing without having reviewed with the borrower the terms and conditions of the loan to include the type and amount of insurance, if any, requested by the borrower.[ 2007 c 208 § 1; 1995 c 9 § 1; 1991 c 208 § 13.]
WA Rev Code § 31.04.135 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.135 - Advertisements or promotions.

RCW 31.04.135 Advertisements or promotions.No licensee may advertise, print, display, publish, distribute, or broadcast or cause or permit to be advertised, printed, displayed, published, distributed, or broadcast, in any manner whatsoever, any statement or representation with regard to the rates, terms, or conditions for the lending of money that is false, misleading, or deceptive.[ 1991 c 208 § 14.]
WA Rev Code § 31.04.143 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.143 - Subpoena authority—Application—Contents—Notice—Fees.

RCW 31.04.143 Subpoena authority—Application—Contents—Notice—Fees.(1) The director or authorized assistants may apply for and obtain a superior court order approving and authorizing a subpoena in advance of its issuance. The application may be made in the county where the subpoenaed person resides or is found, or the county where the subpoenaed documents, records, or evidence are located, or in Thurston county. The application must:(a) State that an order is sought under this section;(b) Adequately specify the documents, records, evidence, or testimony; and(c) Include a declaration made under oath that an investigation is being conducted for a lawfully authorized purpose related to an investigation within the department's authority and that the subpoenaed documents, records, evidence, or testimony are reasonably related to an investigation within the department's authority.(2) When an application under this section is made to the satisfaction of the court, the court must issue an order approving the subpoena. An order under this subsection constitutes authority of law for the agency to subpoena the documents, records, evidence, or testimony.(3) The director or authorized assistants may seek approval and a court may issue an order under this section without prior notice to any person, including the person to whom the subpoena is directed and the person who is the subject of an investigation. An application for court approval is subject to the fee and process set forth in RCW 36.18.012(3).[ 2011 c 93 § 9.]NOTES:Finding—Intent—2011 c 93: See note following RCW 18.44.425.
WA Rev Code § 31.04.155 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.155 - Licensee—Recordkeeping—Director's access—Report requirement—Failure to report.

RCW 31.04.155 Licensee—Recordkeeping—Director's access—Report requirement—Failure to report.The licensee shall keep and use in the business such books, accounts, records, papers, documents, files, and other information as will enable the director to determine whether the licensee is complying with this chapter and with the rules adopted by the director under this chapter. The director shall have free access to such books, accounts, records, papers, documents, files, and other information wherever located. Every licensee shall preserve the books, accounts, records, papers, documents, files, and other information relevant to a loan for at least three years after making the final entry on any loan. No licensee or person subject to examination or investigation under this chapter shall withhold, abstract, remove, mutilate, destroy, or secrete any books, accounts, records, papers, documents, files, or other information.Each licensee shall, on or before the first day of March of each year, file a report with the director giving such relevant information as the director may reasonably require concerning the business and operations of each licensed place of business conducted during the preceding calendar year. The report must be made under oath and must be in the form prescribed by the director, who shall make and publish annually an analysis and recapitulation of the reports. Every licensee that fails to file a report that is required to be filed by this chapter within the time required under this chapter is subject to a penalty of fifty dollars per day for each day's delay. The attorney general may bring a civil action in the name of the state for recovery of any such penalty.[ 2013 c 29 § 8; 2001 c 81 § 12; 1994 c 92 § 170; 1991 c 208 § 16.]
WA Rev Code § 31.04.165 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.165 - Director—Broad administrative discretion—Rule making—Actions in superior court.

RCW 31.04.165 Director—Broad administrative discretion—Rule making—Actions in superior court.(1) The director has the power, and broad administrative discretion, to administer and interpret this chapter to facilitate the delivery of financial services to the citizens of this state by persons subject to this chapter. The director shall adopt all rules necessary to administer this chapter and to ensure complete and full disclosure by licensees of lending transactions governed by this chapter.(2) If it appears to the director that a licensee is conducting business in an injurious manner or is violating any provision of this chapter, the director may order or direct the discontinuance of any such injurious or illegal practice.(3) For purposes of this section, "conducting business in an injurious manner" means conducting business in a manner that violates any provision of this chapter, or that creates the reasonable likelihood of a violation of any provision of this chapter.(4) The director or designated persons, with or without prior administrative action, may bring an action in superior court to enjoin the acts or practices that constitute violations of this chapter and to enforce compliance with this chapter or any rule or order made under this chapter. Upon proper showing, injunctive relief or a temporary restraining order shall be granted. The director shall not be required to post a bond in any court proceedings.(5) The director's obligations or duties under chapter 62, Laws of 2018 are subject to section 21, chapter 62, Laws of 2018.[ 2018 c 62 § 16; 2010 c 35 § 7; 2009 c 120 § 30; 2001 c 81 § 13; 1994 c 92 § 171; 1991 c 208 § 17.]NOTES:Findings—Declaration—2009 c 120: See note following RCW 31.04.015.
WA Rev Code § 31.04.168 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.168 - Director—Powers under chapter 19.144 RCW.

RCW 31.04.168 Director—Powers under chapter 19.144 RCW.The director or the director's designee may take such action as provided for in this chapter to enforce, investigate, or examine persons covered by chapter 19.144 RCW.[ 2008 c 108 § 16.]NOTES:Findings—2008 c 108: See RCW 19.144.005.
WA Rev Code § 31.04.175 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.175 - Violations—No penalty prescribed—Gross misdemeanor—Good faith exception.

RCW 31.04.175 Violations—No penalty prescribed—Gross misdemeanor—Good faith exception.(1) A person who violates, or knowingly aids or abets in the violation of any provision of this chapter, for which no penalty has been prescribed, and a person who fails to perform any act that it is his or her duty to perform under this chapter and for which failure no penalty has been prescribed, is guilty of a gross misdemeanor.(2) No provision imposing civil penalties or criminal liability under this chapter or rule adopted under this chapter applies to an act taken or omission made in good faith in conformity with a written notice, interpretation, or examination report of the director or his or her agent.[ 2001 c 81 § 14; 1994 c 92 § 172; 1991 c 208 § 18.]
WA Rev Code § 31.04.202 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.202 - Application of administrative procedure act.

RCW 31.04.202 Application of administrative procedure act.The proceedings for denying license applications, issuing cease and desist orders, suspending or revoking licenses, and imposing civil penalties or other remedies under this chapter, and any review or appeal of such action, shall be governed by the provisions of the administrative procedure act, chapter 34.05 RCW.[ 2001 c 81 § 15.]
WA Rev Code § 31.04.205 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.205 - Enforcement of chapter—Director's discretion—Hearing—Sanctions—Recovery of costs.

RCW 31.04.205 Enforcement of chapter—Director's discretion—Hearing—Sanctions—Recovery of costs.(1) The director or designated persons may, at his or her discretion, take such action as provided for in this chapter to enforce this chapter. If the person subject to such action does not appear in person or by counsel at the time and place designated for any administrative hearing that may be held on the action, then the person is deemed to consent to the action. If the person subject to the action consents, or if after hearing the director finds by a preponderance of the evidence that any grounds for sanctions under this chapter exist, then the director may impose any sanction authorized by this chapter.(2) The director may recover the state's costs and expenses for prosecuting violations of this chapter including staff time spent preparing for and attending administrative hearings and reasonable attorneys' fees unless, after a hearing, the director determines no violation occurred.[ 2015 c 229 § 30; 2001 c 81 § 16.]
WA Rev Code § 31.04.208 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.208 - Application of consumer protection act.

RCW 31.04.208 Application of consumer protection act.The legislature finds that the practices governed by this chapter are matters vitally affecting the public interest for the purpose of applying the consumer protection act, chapter 19.86 RCW. Any violation of this chapter is not reasonable in relation to the development and preservation of business and is an unfair and deceptive act or practice and unfair method of competition in the conduct of trade or commerce in violation of RCW 19.86.020. Remedies provided by chapter 19.86 RCW are cumulative and not exclusive.[ 2001 c 81 § 17.]
WA Rev Code § 31.04.211 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.211 - Application of chapter—2009 c 120.

RCW 31.04.211 Application of chapter—2009 c 120.The authority of this chapter remains in effect, whether such a licensee, individual, or person subject to chapter 120, Laws of 2009 acts or claims to act under any licensing or registration law of this state, or claims to act without such an authority.[ 2009 c 120 § 9.]NOTES:Findings—Declaration—2009 c 120: See note following RCW 31.04.015.
WA Rev Code § 31.04.221 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.221 - Mortgage loan originator—License required—Unique identifier required.

RCW 31.04.221 Mortgage loan originator—License required—Unique identifier required.An individual defined as a mortgage loan originator must not engage in the business of a mortgage loan originator without first obtaining and maintaining annually a license under this chapter. Each licensed mortgage loan originator must register with and maintain a valid unique identifier issued by the nationwide mortgage licensing system.[ 2015 c 229 § 31; 2013 c 29 § 9; 2009 c 120 § 10.]NOTES:Findings—Declaration—2009 c 120: See note following RCW 31.04.015.
WA Rev Code § 31.04.224 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.04 - Consumer Loan Act.|31.04.224 - Licensing exemptions—Residential mortgage loans.

RCW 31.04.224 Licensing exemptions—Residential mortgage loans.The following are exempt from licensing as mortgage loan originators under this chapter:(1) Registered mortgage loan originators, or any individual required to be registered while actively employed by a covered financial institution as defined in regulation G, 12 C.F.R. Part 1007.102;(2) An attorney licensed in Washington who negotiates the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of the client, unless the attorney is compensated by a lender, a mortgage broker, or other mortgage loan originator or by any agent of a lender, mortgage broker, or other mortgage loan originator;(3) Any individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member; or(4) Any individual who offers or negotiates terms of a residential mortgage loan secured by a dwelling that served as the individual's residence.[ 2015 c 229 § 32; 2012 c 17 § 6; 2009 c 120 § 11.]NOTES:Findings—Declaration—2009 c 120: See note following RCW 31.04.015.