Washington § 59.22.034 - Loan duration — Rate of interest — Security — Administration of loan.

Full text of Washington Revised Code of Washington § 59.22.034 — Loan duration — Rate of interest — Security — Administration of loan., with citation guidance and answers to common questions.

§ 59.22.034. Loan duration — Rate of interest — Security — Administration of loan.

(1) Any loans granted under RCW 59.22.032 shall be for a term of no more than thirty years.
(2) The department shall establish the rate of interest to be paid on loans.
(3) The department shall obtain security for loans made under this chapter. The security may be in the form of a note, deed of trust, assignment of lease, or other form of security on real or personal property which the department determines is adequate to protect the interests of the state. To the extent applicable, the documents evidencing the security shall be recorded or referenced in a recorded document in the office of the county auditor of the county in which the mobile home park is located.
(4) The department may contract with private lenders, nonprofit organizations, or units of local government to provide program administration and to service loans made under this chapter.
[ 2012 c 198 s 19; 1993 c 66 s 11.]

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 § 59.22.034

What does Revised Code of Washington § 59.22.034 cover?

Section 59.22.034 ("Loan duration — Rate of interest — Security — Administration of loan.") 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 § 59.22.034?

A common citation format is "Revised Code of Washington § 59.22.034" (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 § 59.22.034 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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