Revised Code of Washington
Chapter 19.146 - Mortgage Broker Practices Act.
19.146.250 - Authority restricted to person named in license—Exceptions.

RCW 19.146.250
Authority restricted to person named in license—Exceptions.

No license issued under the provisions of this chapter shall authorize any person other than the person to whom it is issued to do any act by virtue thereof nor to operate in any other manner than under his or her own name except:
(1) A licensed mortgage broker may operate or advertise under a name other than the one under which the license is issued by obtaining the written consent of the director to do so; and
(2) A broker may establish one or more branch offices under a name or names different from that of the main office if the name or names are approved by the director, so long as each branch office is clearly identified as a branch or division of the main office. Both the name of the branch office and of the main office must clearly appear on the sign identifying the office, if any, and in any advertisement or on any letterhead of any stationery or any forms, or signs used by the mortgage firm on which either the name of the main or branch offices appears.

[ 1997 c 106 § 17; 1993 c 468 § 16.]
NOTES:

Severability—1997 c 106: See note following RCW 19.146.010.


Adoption of rules—Severability—1993 c 468: See notes following RCW 19.146.0201.


Effective dates—1993 c 468: See note following RCW 19.146.200.

Structure Revised Code of Washington

Revised Code of Washington

Title 19 - Business Regulations—Miscellaneous

Chapter 19.146 - Mortgage Broker Practices Act.

19.146.005 - Findings and declaration.

19.146.010 - Definitions.

19.146.020 - Exemptions from chapter.

19.146.0201 - Loan originator, mortgage broker—Prohibitions—Requirements.

19.146.030 - Written disclosure of fees and costs—Rules—Contents—Lock-in agreement terms—Excess fees limited.

19.146.040 - Written contract required—Contract entered by loan originator binding on mortgage broker—Written loan broker agreement required.

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.

19.146.060 - Accounting requirements.

19.146.070 - Fee, commission, or compensation—When permitted.

19.146.080 - Borrowers unable to obtain loans—Mortgage broker to provide copies of certain documents—Conditions—Exceptions.

19.146.085 - Duties—Generally.

19.146.095 - Fiduciary duties.

19.146.100 - Violations of chapter—Application of consumer protection act.

19.146.103 - Financial interest in a mortgage broker—Prohibited practices.

19.146.110 - Criminal penalty.

19.146.200 - Mortgage broker or loan originator—License required—Suit or action for collection of compensation—Designated broker required.

19.146.205 - License—Application—Applicant to furnish information establishing identity—Background check—Fee—Bond or alternative.

19.146.210 - License—Requirements for issuance—Denial—Validity—Surrender—Interim license—Rules.

19.146.215 - Continuing education—Rules.

19.146.218 - Informal settlement of complaints or enforcement actions—Director's discretion.

19.146.220 - Director—Powers and duties—Violations as separate violations—Rules.

19.146.221 - Action by director—Hearing—Sanction.

19.146.223 - Director—Administration and interpretation.

19.146.225 - Director—Rule-making powers.

19.146.226 - Director—Licensing rules and interim procedures.

19.146.227 - Cease and desist order—Action to enjoin and enforce.

19.146.228 - Fees—Exception.

19.146.230 - Administrative procedure act application.

19.146.233 - Subpoena authority—Application—Contents—Notice—Fees.

19.146.235 - Director's authority to conduct investigations and examinations—Rules—Penalty.

19.146.237 - Director—Powers under chapter 19.144 RCW.

19.146.240 - Violations—Claims against bond or alternative.

19.146.245 - Violations—Liability.

19.146.250 - Authority restricted to person named in license—Exceptions.

19.146.260 - Registered agent for brokers without physical office in state—Venue.

19.146.265 - Branch offices—Fee—Licenses—Rules.

19.146.300 - Loan originator license—Application—Applicant to furnish information establishing identification—Background check—Fees—Rules.

19.146.310 - Loan originator license—Requirements for issuance—Denial—Validity—Expiration—Surrender—Interim license.

19.146.320 - Loan originator license—Not assignable.

19.146.325 - Loan originator license—Test.

19.146.340 - Loan originator applicants.

19.146.350 - Loan originators—Continuing education—Requirements.

19.146.353 - Residential mortgage loan modification services—Written fee agreement—Limitation on fees—Rules.

19.146.355 - Third-party residential mortgage loan modification services providers—Duties—Restrictions.

19.146.357 - Mortgage loan originator—License required—Nationwide mortgage licensing system and registry.

19.146.360 - Director's duty—Process to challenge information—Nationwide mortgage licensing system and registry.

19.146.370 - Disclosure of information—Privilege—Confidentiality—Exceptions.

19.146.380 - Director's authority to contract—Records and fees.

19.146.390 - Mortgage brokers—Call reports—Licensing system and registry.

19.146.400 - Director's authority—Violation and enforcement reporting.

19.146.900 - Short title.

19.146.903 - Effective dates—1994 c 33.

19.146.904 - Implementation of act—2006 c 19.

19.146.905 - Effective date—2006 c 19.