Washington § 59.22.032 - Loans for mobile home park conversion costs — Resident eligibility — Flexible repayment terms.

Full text of Washington Revised Code of Washington § 59.22.032 — Loans for mobile home park conversion costs — Resident eligibility — Flexible repayment terms., with citation guidance and answers to common questions.

§ 59.22.032. Loans for mobile home park conversion costs — Resident eligibility — Flexible repayment terms.

(1) The department may make loans to resident organizations for the purpose of financing mobile home park conversion costs. The department may only make loans to resident organizations of mobile home parks where a significant portion of the residents are low-income or infirm.
(2) The department may make loans to low-income residents of mobile home parks converted to resident ownership or which plan to convert to resident ownership. The purpose of providing loans under this subsection is to reduce the monthly housing costs for low-income residents to an affordable level. The department may establish flexible repayment terms for loans provided under this subsection if the terms are necessary to reduce the monthly housing costs for low-income residents to an affordable level, and do not represent an unacceptable risk. Flexible repayment terms may include, but are not limited to, graduated payment schedules with negative amortization.
[ 2012 c 198 s 18; 1993 c 66 s 10.]

Notes

Effective date—2012 c 198: See note following RCW 70A.15.5110.

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

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Frequently Asked Questions About Washington § 59.22.032

What does Revised Code of Washington § 59.22.032 cover?

Section 59.22.032 ("Loans for mobile home park conversion costs — Resident eligibility — Flexible repayment terms.") 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 § 59.22.032?

A common citation format is "Revised Code of Washington § 59.22.032" (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 § 59.22.032 apply to my situation?

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