Washington § 30A.04.515 - Fairness in lending act — Sound underwriting practices not precluded.

Full text of Washington Revised Code of Washington § 30A.04.515 — Fairness in lending act — Sound underwriting practices not precluded., with citation guidance and answers to common questions.

§ 30A.04.515. Fairness in lending act — Sound underwriting practices not precluded.

Nothing contained in RCW 30A.04.505 through [and] 30A.04.510 shall preclude a financial institution from considering sound underwriting practices in processing any application for a loan to any person. Such practices shall include the following:
(1) The willingness and the financial ability of the borrower to repay the loan.
(2) The market value of any real estate and of any other item of property proposed as security for any loan.
(3) Diversification of the financial institution's investment portfolio.
[ 2014 c 37 s 145; 1977 ex.s. c 301 s 13. Formerly RCW 30.04.515.]

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

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Frequently Asked Questions About Washington § 30A.04.515

What does Revised Code of Washington § 30A.04.515 cover?

Section 30A.04.515 ("Fairness in lending act — Sound underwriting practices not precluded.") 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 § 30A.04.515?

A common citation format is "Revised Code of Washington § 30A.04.515" (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 § 30A.04.515 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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