RCW 31.04.251
Mortgage loan originator license—Renewal—Surrender—Rules.
(1) A mortgage loan originator license issued under this section expires annually. The director shall establish rules regarding the mortgage loan originator license renewal process created under this chapter. At a minimum a mortgage loan originator may not renew a license under this chapter unless the mortgage loan originator continues to meet the minimum standards for a license, and has satisfied the annual continuing education requirements.
(2) A mortgage loan originator licensee may surrender a license by delivering to the director through the nationwide mortgage licensing system *and registry written notice of surrender, but the surrender does not affect the mortgage loan originator licensee's civil or criminal liability or any administrative actions arising from acts or omissions occurring before such a surrender.
[ 2009 c 120 § 19.]
NOTES:
*Reviser's note: The term "and registry" was removed by 2013 c 29 § 1.
Findings—Declaration—2009 c 120: See note following RCW 31.04.015.
Structure Revised Code of Washington
Title 31 - Miscellaneous Loan Agencies
Chapter 31.04 - Consumer Loan Act.
31.04.025 - Application of chapter.
31.04.027 - Violations of chapter.
31.04.035 - License required—When violation occurs.
31.04.045 - License—Application—Background checks—Fee—Surety bond.
31.04.055 - License—Director's duties.
31.04.065 - License—Information contained.
31.04.075 - Licensee—Place of business.
31.04.085 - Licensee—Assessment—Bond—Time of payment.
31.04.105 - Licensee—Powers—Restrictions.
31.04.115 - Open-end loan—Requirements—Restrictions—Options.
31.04.125 - Loan restrictions—Interest calculations.
31.04.135 - Advertisements or promotions.
31.04.143 - Subpoena authority—Application—Contents—Notice—Fees.
31.04.155 - Licensee—Recordkeeping—Director's access—Report requirement—Failure to report.
31.04.165 - Director—Broad administrative discretion—Rule making—Actions in superior court.
31.04.168 - Director—Powers under chapter 19.144 RCW.
31.04.175 - Violations—No penalty prescribed—Gross misdemeanor—Good faith exception.
31.04.202 - Application of administrative procedure act.
31.04.205 - Enforcement of chapter—Director's discretion—Hearing—Sanctions—Recovery of costs.
31.04.208 - Application of consumer protection act.
31.04.211 - Application of chapter—2009 c 120.
31.04.221 - Mortgage loan originator—License required—Unique identifier required.
31.04.224 - Licensing exemptions—Residential mortgage loans.
31.04.227 - Mortgage loan origination—Independent contractors.
31.04.231 - Individual loan processor—Licensing exemptions.
31.04.234 - Mortgage loan originator license—Application form and content.
31.04.237 - Use of nationwide mortgage licensing system and registry.
31.04.244 - Mortgage loan originator application—Required information—Fees.
31.04.247 - Issuance of mortgage loan originator license—Necessary findings.
31.04.251 - Mortgage loan originator license—Renewal—Surrender—Rules.
31.04.254 - Mortgage loan originator licensing process—Rules—Interim procedures.
31.04.257 - Mortgage loan originator interim license.
31.04.261 - Mortgage loan originator—Prelicensing education requirements.
31.04.264 - Mortgage loan originator—Testing requirements.
31.04.267 - Mortgage loan originator—Continuing education requirements.
31.04.271 - Mortgage loan originators—System information may be challenged.
31.04.277 - Consumer loan companies—When reports of condition are required.
31.04.281 - Reports of violation—2009 c 120.
31.04.284 - Mortgage loan originator—Unique identifier—Display.
31.04.290 - Residential mortgage loan servicer—Requirements—Written detailed information.
31.04.310 - Residential mortgage or student education loan servicer—Appointment of receiver.
31.04.410 - Student education loan servicer licensee.
31.04.415 - Third-party student education loan modification services—Restrictions—Requirements.
31.04.420 - Subject to student education loan servicer requirements—Exempt from licensing.
31.04.430 - Dog or cat purchase contracts.
31.04.510 - Requirements of licensee—Minimum capital—Exceptions.
31.04.515 - Loan requirements—Compliance—Rules.
31.04.520 - Right to rescind transaction.
31.04.535 - Lender default—Treble damages—Civil remedies.
31.04.902 - Effective dates, implementation—1991 c 208.
31.04.903 - Effective date—2009 c 120.
31.04.904 - Effective date—2010 c 35.