Washington § 31.04.224 - Licensing exemptions — Residential mortgage loans.

Full text of Washington Revised Code of Washington § 31.04.224 — Licensing exemptions — Residential mortgage loans., with citation guidance and answers to common questions.

§ 31.04.224. Licensing exemptions — Residential mortgage loans.

The following are exempt from licensing as mortgage loan originators under this chapter:
(1) Registered mortgage loan originators, or any individual required to be registered while actively employed by a covered financial institution as defined in regulation G, 12 C.F.R. Part 1007.102;
(2) An attorney licensed in Washington who negotiates the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of the client, unless the attorney is compensated by a lender, a mortgage broker, or other mortgage loan originator or by any agent of a lender, mortgage broker, or other mortgage loan originator;
(3) Any individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member; or
(4) Any individual who offers or negotiates terms of a residential mortgage loan secured by a dwelling that served as the individual's residence.
[ 2015 c 229 s 32; 2012 c 17 s 6; 2009 c 120 s 11.]

Notes

Findings—Declaration—2009 c 120: See note following RCW 31.04.015.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 31.04.224

What does Revised Code of Washington § 31.04.224 cover?

Section 31.04.224 ("Licensing exemptions — Residential mortgage loans.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 31.04.224?

A common citation format is "Revised Code of Washington § 31.04.224" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 31.04.224 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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