RCW 64.34.272
Rights of secured lenders.
The declaration may require that all or a specified number or percentage of the holders of mortgages encumbering the units approve specified actions of the unit owners or the association as a condition to the effectiveness of those actions, but no requirement for approval may operate to (1) deny or delegate control over the general administrative affairs of the association by the unit owners or the board of directors, or (2) prevent the association or the board of directors from commencing, intervening in, or settling any litigation or proceeding, or receiving and distributing any insurance proceeds except pursuant to RCW 64.34.352. With respect to any action requiring the consent of a specified number or percentage of mortgagees, the consent of only eligible mortgagees holding a first lien mortgage need be obtained and the percentage shall be based upon the votes attributable to units with respect to which eligible mortgagees have an interest.
[1989 c 43 § 2-119.]
Structure Revised Code of Washington
Title 64 - Real Property and Conveyances
Chapter 64.34 - Condominium Act.
64.34.005 - Findings—Intent—2004 c 201.
64.34.030 - Variation by agreement.
64.34.040 - Separate interests—Taxation.
64.34.050 - Local ordinances, regulations, and building codes—Applicability.
64.34.070 - Law applicable—General principles.
64.34.073 - Application of chapter 64.55 RCW.
64.34.076 - Application to common interest communities.
64.34.080 - Contracts—Unconscionability.
64.34.090 - Obligation of good faith.
64.34.100 - Remedies liberally administered.
64.34.200 - Creation of condominium.
64.34.202 - Reservation of condominium name.
64.34.208 - Declaration and bylaws—Construction and validity.
64.34.212 - Description of units.
64.34.216 - Contents of declaration.
64.34.220 - Leasehold condominiums.
64.34.224 - Common element interests, votes, and expenses—Allocation.
64.34.228 - Limited common elements.
64.34.232 - Survey maps and plans.
64.34.236 - Development rights.
64.34.240 - Alterations of units.
64.34.244 - Relocation of boundaries—Adjoining units.
64.34.248 - Subdivision of units.
64.34.252 - Monuments as boundaries.
64.34.260 - Easement rights—Common elements.
64.34.264 - Amendment of declaration.
64.34.268 - Termination of condominium.
64.34.272 - Rights of secured lenders.
64.34.276 - Master associations.
64.34.278 - Delegation of power to subassociations.
64.34.280 - Merger or consolidation.
64.34.300 - Unit owners' association—Organization.
64.34.304 - Unit owners' association—Powers.
64.34.308 - Board of directors and officers.
64.34.312 - Control of association—Transfer.
64.34.316 - Special declarant rights—Transfer.
64.34.320 - Contracts and leases—Declarant—Termination.
64.34.328 - Upkeep of condominium.
64.34.340 - Voting—In person, absentee ballots, proxies.
64.34.344 - Tort and contract liability.
64.34.348 - Common elements—Conveyance—Encumbrance.
64.34.354 - Insurance—Conveyance.
64.34.360 - Common expenses—Assessments.
64.34.364 - Lien for assessments—Notice of delinquency.
64.34.368 - Liens—General provisions.
64.34.372 - Association records—Funds.
64.34.376 - Association as trustee.
64.34.380 - Reserve account—Reserve study—Annual update.
64.34.382 - Reserve study—Contents.
64.34.384 - Reserve account—Withdrawals.
64.34.386 - Reserve study—Demand by owners—Study not timely prepared.
64.34.388 - Reserve study—Decision making.
64.34.390 - Reserve study—Reserve account—Immunity from liability.
64.34.392 - Reserve account and study—Exemption—Disclosure.
64.34.395 - Electric vehicle charging stations.
64.34.400 - Applicability—Waiver.
64.34.405 - Public offering statement—Requirements—Liability.
64.34.410 - Public offering statement—General provisions.
64.34.415 - Public offering statement—Conversion condominiums.
64.34.417 - Public offering statement—Use of single disclosure document.
64.34.418 - Public offering statement—Contract of sale—Restriction on interest conveyed.
64.34.420 - Purchaser's right to cancel.
64.34.430 - Escrow of deposits.
64.34.435 - Release of liens—Conveyance.
64.34.440 - Conversion condominiums—Notice—Tenants—Relocation assistance.
64.34.442 - Conversion condominium projects—Report.
64.34.443 - Express warranties of quality.
64.34.445 - Implied warranties of quality—Breach.
64.34.452 - Warranties of quality—Breach—Actions for construction defect claims.
64.34.455 - Effect of violations on rights of action—Attorney's fees.
64.34.460 - Labeling of promotional material.
64.34.465 - Improvements—Declarant's duties.
64.34.470 - Conversion condominium notice.
64.34.930 - Effective date—1989 c 43.
64.34.931 - Effective date—2004 c 201 §§ 1-13.