RCW 19.146.040: Written contract required—Contract entered by loan originator binding on mortgage broker—Written loan broker agreement required.
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Washington Code › Title 19 › Chapter 146 › Section 040
Text
(1) Every contract between a mortgage broker, or a loan originator, and a borrower must be in writing and contain the entire agreement of the parties. (2) Any contract under this section entered by a loan originator is binding on the mortgage broker. (3) A mortgage broker must have a written loan broker agreement with a lender before any solicitation of, or contracting with, the public.
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