# WAC 208-660-109: WAC 208-660-109. How does the department interpret the definition of "mortgage broker" in RCW 19.146.010 (14)?

> Washington · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_109

## Section

- **Citation:** WAC 208-660-109
- **Heading:** WAC 208-660-109. How does the department interpret the definition of "mortgage broker" in RCW 19.146.010 (14)?
- **Jurisdiction:** Washington
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Administrative Code / Title 208 / Chapter 208-660 / Section 208-660-109

## Text

"Mortgage broker" means any person who for compensation or gain, or in the expectation of compensation or gain (a) assists a person in obtaining or applying to obtain a residential mortgage loan or (b) holds himself or herself out as being able to assist a person in obtaining or applying to obtain a residential mortgage loan. A mortgage broker either prepares a residential mortgage loan for funding by another entity or table funds the residential mortgage loan. See the definition of "table funding." (These are the two activities allowed under the MBPA.)
For purposes of this definition, a person "assists a person in obtaining or applying to obtain a residential mortgage loan" by, among other things, counseling on loan terms (rates, fees, other costs), preparing loan packages, or collecting enough information on behalf of the consumer to anticipate a credit decision under Regulation X, 12 C.F.R. Part 1024.2(b).
For purposes of this definition, a person "holds himself or herself out" by advertising or otherwise informing the public that they engage in any of the activities of a mortgage broker or loan originator, including the use of business cards, stationery, brochures, rate sheets, or other promotional items.
"Mortgage broker" also includes any person who for direct or indirect compensation or gain or in the expectation of direct or indirect compensation or gain performs residential mortgage loan modification services or holds himself or herself out as being able to perform residential mortgage loan modification services.

## Nearby sections

- [WAC 208-660-005 WAC 208-660-005. Purpose, scope and coverage](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_005.md)
- [WAC 208-660-006 WAC 208-660-006. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_006.md)
- [WAC 208-660-007 WAC 208-660-007. Good standing](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_007.md)
- [WAC 208-660-008 WAC 208-660-008. Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_008.md)
- [WAC 208-660-009 WAC 208-660-009. Application of Administrative Procedure Act](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_009.md)
- [WAC 208-660-105 WAC 208-660-105. How does the department interpret the definition of residential mortgage loan modification services in RCW 19.146.010 (21)?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_105.md)
- [WAC 208-660-106 WAC 208-660-106. How does the department interpret the definition of loan processor in RCW 19.146.010 (12)?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_106.md)
- [WAC 208-660-107 WAC 208-660-107. How does the department interpret the definition of "licensee" in RCW 19.146.010 (10)?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_107.md)
- [WAC 208-660-108 WAC 208-660-108. How does the department interpret the definition of "loan originator" in RCW 19.146.010 (11)?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_108.md)
- [WAC 208-660-109 WAC 208-660-109. How does the department interpret the definition of "mortgage broker" in RCW 19.146.010 (14)?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_109.md)
- [WAC 208-660-143 WAC 208-660-143. Computer loan information (CLI) providers](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_143.md)
- [WAC 208-660-155 WAC 208-660-155. Mortgage brokers — General](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_155.md)
- [WAC 208-660-163 WAC 208-660-163. Mortgage brokers — Licensing](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_163.md)
- [WAC 208-660-175 WAC 208-660-175. Mortgage brokers—Surety bond](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_175.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_660_109. Check the current official text before relying on it. Not legal advice.