Revised Code of Washington
Chapter 43.180 - Housing Finance Commission.
43.180.360 - Default.

RCW 43.180.360
Default.

The proceedings authorizing any revenue bonds under this subchapter or any financing document securing the revenue bonds may provide that if there is a default in the payment of the principal of or the interest on the bonds or in the performance of any agreement contained in the proceedings or financing document, the payment and performance may be enforced by mandamus or by the appointment of a receiver in equity with power to charge and collect rents, purchase price payments, and loan repayments, and to apply the revenues from the nonprofit facility in accordance with the proceedings or provisions of the financing document. Any financing document entered into under this subchapter may also provide that if there is a default in the payment thereof or a violation of any agreement contained in the financing document, the nonprofit facility may be foreclosed and sold under proceedings in equity or in any other manner now or hereafter permitted by law. Any financing document may also provide that any trustee under the financing document or the holder of any revenue bonds secured thereby may become the purchaser at any foreclosure sale if it is the highest bidder.

[ 1990 c 167 § 8.]

Structure Revised Code of Washington

Revised Code of Washington

Title 43 - State Government—Executive

Chapter 43.180 - Housing Finance Commission.

43.180.010 - Declaration of public policies—Purpose.

43.180.020 - Definitions.

43.180.030 - Bonds not debt of state.

43.180.040 - Commission created.

43.180.050 - Housing financing powers—Annual audit.

43.180.060 - No power of eminent domain or taxation.

43.180.070 - Housing finance plan.

43.180.080 - General powers.

43.180.090 - Selection of bond counsel—Written policies to be adopted.

43.180.100 - Selection of underwriters—Written policies to be adopted.

43.180.110 - Review of initial policies adopted under RCW 43.180.090 and 43.180.100—Adoption—Change.

43.180.120 - Rules for fair allocation of bond proceeds for nonrental single-family housing.

43.180.130 - Protection of bondholders—Mortgage insurance.

43.180.140 - Rules for energy efficiency.

43.180.150 - Bond issues—Terms—Issuance—Purchase, etc.

43.180.160 - Debt limitation—Washington works housing program.

43.180.170 - Bond issues—Disposition of proceeds—Special fund.

43.180.180 - Bond issues—Disposition of revenues—Special trust fund.

43.180.190 - Legal investments.

43.180.200 - Internal revenue code.

43.180.220 - Housing finance program—Mortgage financing—Investments—Flexible loan underwriting guidelines.

43.180.230 - Housing finance program—Program elements.

43.180.240 - Housing finance program—Report to legislature annually—Implementation.

43.180.245 - Condominium conversion tenant-to-homeowner program.

43.180.250 - Veteran homeownership downpayment assistance program—Rules.

43.180.260 - Sustainable energy trust program.

43.180.265 - Aviation biofuels facilities and production—Bond issuance—Financing powers—Definitions.

43.180.290 - Beginning farmer financing program.

43.180.295 - Renewable energy systems—Report—Financing tool.

43.180.300 - Definitions.

43.180.310 - Commission powers.

43.180.320 - Revenue bonds.

43.180.330 - Revenue refunding bonds.

43.180.340 - Trust agreements.

43.180.350 - Lessees or assignees.

43.180.360 - Default.

43.180.900 - Conflict with federal requirements.

43.180.901 - Liberal construction.

43.180.902 - Captions not part of law.

43.180.904 - Effective dates—1983 c 161.

43.180.905 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.