# RCW 19.146.070: RCW 19.146.070: Fee, commission, or compensation—When permitted

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T19_C146_S070

## Section

- **Citation:** RCW 19.146.070
- **Heading:** RCW 19.146.070: Fee, commission, or compensation—When permitted
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 19 / Chapter 146 / Section 070

## Text

(1) Except as otherwise permitted by this section, a mortgage broker must not receive a fee, commission, or compensation of any kind in connection with the preparation, negotiation, and brokering of a residential mortgage loan unless a borrower actually obtains a loan from a lender on the terms and conditions agreed upon by the borrower and mortgage broker. A loan originator may not accept a fee, commission, or compensation of any kind from borrowers in connection with the preparation, negotiation, and brokering of a residential mortgage loan. (2) A mortgage broker may: (a) If the mortgage broker has obtained for the borrower a written commitment from a lender for a loan on the terms and conditions agreed upon by the borrower and the mortgage broker, and the borrower fails to close on the loan through no fault of the mortgage broker, charge a fee not to exceed three hundred dollars for services rendered, preparation of documents, or transfer of documents in the borrower's file which were prepared or paid for by the borrower if the fee is not otherwise prohibited by the truth in lending act, 15 U.S.C. Sec. 1601, and Regulation Z, 12 C.F.R. Part 1026, as now or hereafter amended; or (b) Solicit or receive fees for third party provider goods or services in advance. Fees for any goods or services not provided must be refunded to the borrower and the mortgage broker may not charge more for the goods and services than the actual costs of the goods or services charged by the third party provider. (3) A loan originator may not solicit or receive fees for a third-party provider of goods or services except that a loan originator may transfer funds from a borrower to a licensed mortgage broker, exempt mortgage broker, or third-party provider, if the loan originator does not deposit, hold, retain, or use the funds for any purpose other than the payment of bona fide fees to third-party providers.

## 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_S070. Check the current official text before relying on it. Not legal advice.