# RCW 19.146.060: RCW 19.146.060: Accounting requirements

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S060

## Section

- **Citation:** RCW 19.146.060
- **Heading:** RCW 19.146.060: Accounting requirements
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 19 / Chapter 146 / Section 060

## Text

(1) A mortgage broker shall use generally accepted accounting principles. (2) Except as otherwise provided in subsection (3) of this section, a mortgage broker shall maintain accurate and current books and records which shall be readily available at a location available to the director until at least three years have elapsed following the effective period to which the books and records relate. (3) Where a mortgage broker's usual business location is outside of the state of Washington, the mortgage broker shall, as determined by the director by rule, either maintain its books and records at a location in this state, or reimburse the director for his or her expenses, including but not limited to transportation, food, and lodging expenses, relating to any examination or investigation resulting under this chapter. (4) "Books and records" includes but is not limited to: (a) Copies of all advertisements placed by or at the request of the mortgage broker which mention rates or fees. In the case of radio or television advertisements, or advertisements placed on a telephonic information line or other electronic source of information including but not limited to a computer database or electronic bulletin board, a mortgage broker shall keep copies of the precise script for the advertisement. All advertisement records shall include for each advertisement the date or dates of publication and name of each periodical, broadcast station, or telephone information line which published the advertisement or, in the case of a flyer or other material distributed by the mortgage broker, the dates, methods, and areas of distribution; and (b) Copies of all documents, notes, computer records if not stored in printed form, correspondence or memoranda relating to a borrower from whom the mortgage broker has accepted a deposit or other funds, or accepted a residential mortgage loan application or with whom the mortgage broker has entered into an agreement to assist in obtaining a residential mortgage loan.

## Nearby sections

- [RCW 19.146.005 RCW 19.146.005: Findings and declaration.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S005.md)
- [RCW 19.146.010 RCW 19.146.010: Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S010.md)
- [RCW 19.146.020 RCW 19.146.020: Exemptions from chapter.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S020.md)
- [RCW 19.146.030 RCW 19.146.030: Written disclosure of fees and costs—Rules—Contents—Lock-in agreement terms—Excess fees limited.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S030.md)
- [RCW 19.146.040 RCW 19.146.040: Written contract required—Contract entered by loan originator binding on mortgage broker—Written loan broker agreement required.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S040.md)
- [RCW 19.146.050 RCW 19.146.050: Moneys for third-party provider services deemed in trust—Deposit of moneys in trust account—Use of trust account—Rules—Tax treatment.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S050.md)
- [RCW 19.146.060 RCW 19.146.060: Accounting requirements.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S060.md)
- [RCW 19.146.070 RCW 19.146.070: Fee, commission, or compensation—When permitted.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S070.md)
- [RCW 19.146.080 RCW 19.146.080: Borrowers unable to obtain loans—Mortgage broker to provide copies of certain documents—Conditions—Exceptions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S080.md)
- [RCW 19.146.085 RCW 19.146.085: Duties—Generally.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S085.md)
- [RCW 19.146.095 RCW 19.146.095: Fiduciary duties.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S095.md)
- [RCW 19.146.100 RCW 19.146.100: Violations of chapter—Application of consumer protection act.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S100.md)
- [RCW 19.146.103 RCW 19.146.103: Financial interest in a mortgage broker—Prohibited practices.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S103.md)
- [RCW 19.146.110 RCW 19.146.110: Criminal penalty.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S110.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S060. Check the current official text before relying on it. Not legal advice.