RCW 31.04.035License required—When violation occurs.(1) No person may engage in any activity subject to this chapter without first obtaining and maintaining a license in accordance with this chapter.(2) If a transaction violates subsection (1) of this section, any:(a) Nonthird-party fees charged in connection with the origination of the residential mortgage loan must be refunded to the borrower, excluding interest charges; and(b) Loan that is not a residential mortgage loan is null, void, uncollectable, and unenforceable.(3) The director's obligations or duties under chapter 62, Laws of 2018 are subject to section 21, chapter 62, Laws of 2018.[ 2024 c 249 s 4; 2018 c 62 s 12; 2013 c 29 s 4; 2010 c 35 s 2; 2009 c 120 s 4; 2008 c 78 s 2; 1991 c 208 s 3.]NOTES:Short title—Application—2024 c 249: See notes following RCW 31.04.025.Findings—Declaration—2009 c 120: See note following RCW 31.04.015.Severability—2008 c 78: See note following RCW 31.04.025.
Washington Legal Code