RCW 19.310.005
Finding—Purpose.
The legislature finds that there are no statutory requirements pertaining to persons who facilitate like-kind exchanges pursuant to section 1031 of the internal revenue code and associated treasury regulations. The purpose of this chapter is to create a statutory framework that provides some consumer protections to those who entrust money or property to persons acting as exchange facilitators.
[ 2009 c 70 § 1.]
Structure Revised Code of Washington
Title 19 - Business Regulations—Miscellaneous
Chapter 19.310 - Exchange Facilitators.
19.310.020 - Actions for collection of compensation—Requirements.
19.310.030 - Notice of change in control—Exceptions.
19.310.040 - Duties of exchange facilitator—Fidelity bonds.
19.310.050 - Claims on fidelity bonds—Remedies.
19.310.060 - Duties of exchange facilitator—Errors and omissions policies.
19.310.070 - Claims on errors and omissions policies—Remedies.
19.310.090 - Administration of places of business—Direct management.
19.310.100 - Prohibited practices.
19.310.110 - Deposit of client funds—Written notice.
19.310.120 - Prima facie evidence of fraud—Violations—Penalty—Cure for violations.
19.310.130 - Violations—Misdemeanor.
19.310.150 - Violation of chapter—Civil suit—Damages.