# WAC 208-620-105: WAC 208-620-105. Who is exempt from licensing as a mortgage loan originator under this act? > Washington · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_105 ## Section - **Citation:** WAC 208-620-105 - **Heading:** WAC 208-620-105. Who is exempt from licensing as a mortgage loan originator under this act? - **Jurisdiction:** Washington - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Washington Administrative Code / Title 208 / Chapter 208-620 / Section 208-620-105 ## Text The following are exempt from licensing as a mortgage loan originator: (1) Registered mortgage loan originators or any individual required to be registered while employed by a covered financial institution as defined in regulation G, 12 C.F.R. Sec. 1007.102; (2) Any individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member of the individual; (3) Any individual who offers or negotiates terms of a residential mortgage loan secured by a dwelling that served as the individual's residence; (4) A Washington licensed attorney 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 such lender, mortgage broker, or other mortgage loan originator; (5) Individuals who do not take residential mortgage loan applications or negotiate the terms of residential mortgage loans for compensation or gain or in the expectation of compensation or gain; and (6)(a) An employee of a bona fide nonprofit organization who acts as a loan originator only with respect to his or her work duties to the bona fide nonprofit organization, and who acts as a loan originator only with respect to residential mortgage loans with terms that are favorable to the borrower. (b) Terms favorable to the borrower are terms consistent with loan origination in a public or charitable context, rather than a commercial context. (7) Individuals employed by a licensed residential mortgage loan servicing company engaging in activities related to servicing, unless licensing is required by federal law or regulation. (8) See also WAC 208-620-232 . ## Nearby sections - [WAC 208-620-010 WAC 208-620-010. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_010.md) - [WAC 208-620-011 WAC 208-620-011. How does the department interpret certain definitions in RCW 31.04.015 ?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_011.md) - [WAC 208-620-104 WAC 208-620-104. Who is exempt from licensing as a consumer loan company?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_104.md) - [WAC 208-620-105 WAC 208-620-105. Who is exempt from licensing as a mortgage loan originator under this act?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_105.md) - [WAC 208-620-230 WAC 208-620-230. Do I need a consumer loan license to lend money, extend credit, service or modify the terms of residential mortgage loans, or service student education loans?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_230.md) - [WAC 208-620-231 WAC 208-620-231. Who must have a consumer loan license to service residential mortgage loans secured by Washington residential real estate or obligating Washington residents?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_231.md) - [WAC 208-620-232 WAC 208-620-232. Can I make a small number of residential mortgage loans without being licensed at the company level?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_232.md) - [WAC 208-620-234 WAC 208-620-234. Must a company that provides loan processing or underwriting services on residential mortgage loans be licensed under the Consumer Loan Act?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_234.md) - [WAC 208-620-235 WAC 208-620-235. When making loans, is there a maximum rate of interest allowed under the act?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_235.md) - [WAC 208-620-250 WAC 208-620-250. Is my company required to have a licensed location in the state of Washington?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_250.md) - [WAC 208-620-251 WAC 208-620-251. Are there any additional requirements for out-of-state licensees?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_251.md) - [WAC 208-620-260 WAC 208-620-260. If I am licensed under the Consumer Loan Act, can I broker residential mortgage loans in the state of Washington?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_260.md) - [WAC 208-620-271 WAC 208-620-271. Do I need a license to assist a homeowner with a residential mortgage loan modification?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_271.md) - [WAC 208-620-280 WAC 208-620-280. How do I apply for a consumer loan license?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_280.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_105. Check the current official text before relying on it. Not legal advice.