RCW 61.34.010
Legislative findings.
The legislature finds that persons are engaging in patterns of conduct which defraud innocent homeowners of their equity interest or other value in residential dwellings under the guise of a purchase of the owner's residence but which is in fact a device to convert the owner's equity interest or other value in the residence to an equity skimmer, who fails to make payments, diverts the equity or other value to the skimmer's benefit, and leaves the innocent homeowner with a resulting financial loss or debt.
The legislature further finds this activity of equity skimming to be contrary to the public policy of this state and therefore establishes the crime of equity skimming to address this form of real estate fraud and abuse.
[ 1988 c 33 § 1.]
Structure Revised Code of Washington
Title 61 - Mortgages, Deeds of Trust, and Real Estate Contracts
Chapter 61.34 - Distressed Property Conveyances.
61.34.010 - Legislative findings.
61.34.040 - Application of consumer protection act—Remedies are cumulative.
61.34.045 - Arbitration not required.
61.34.050 - Distressed home consulting transaction—Requirements—Notice.
61.34.060 - Distressed home consultant—Fiduciary duties.
61.34.080 - Distressed home reconveyance—Requirements.
61.34.090 - Distressed home reconveyance—Entire agreement—Terms—Notice.
61.34.100 - Distressed homeowner's right to cancel.
61.34.110 - Notice of distressed homeowner's right to cancel.