Tag Archive: "Washington"
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Washington Publishes Notice Regarding Temporary Waiver of Fees
The Washington Department of Financial Institutions, Division of Consumer Services has issued a notice to licensees that it will temporarily waive certain fees and parts of fees under its Consumer Law Act.
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Washington Amends Security Breach Provisions
Washington has modified its provisions regarding security breaches of personal information. These provisions are effective as of March 1, 2020.
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Washington Amends Electronic Notary Provisions
The state of Washington has modified provisions under its Revised Uniform Law on Notarial Acts. These provisions are effective as of October 1, 2020.
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State of Washington Issues Guidance Regarding Trust Accounts under MBPA
The Washington Department of Financial Institutions (DFI) has recently issued interim guidance on the use of a trust account when receiving reimbursement for payments to third-party service providers. The DFI plans to implement this guidance through rulemaking in 2019.
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Washington Modifies Fees and other Provisions of its Consumer Loan Act
The state of Washington temporarily waives certain fees and modifies provisions relating to mortgage servicing under the Washington Consumer Loan Act
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Washington State Adopts Provisions Regarding Notaries
The Washington Department of Licensing (the “Department”) adopted provisions relating to notaries that include replacing all existing sections as well as adding new sections to Chapter 308-30 of the Washington Administrative Code in order to implement the provisions of the Revised Uniform Law on Notarial Acts. These provisions are effective on July 1, 2018.
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Washington Recent Regulatory Updates
Washington Enacts Law Relating to Services and Processes Available When Residential Real Property is Abandoned or in Foreclosure and Establishes Student Loan Bill of Rights
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Washington State Enacts Provisions Regarding Notarial Acts
Washington has recently enacted the Revised Uniform Law on Notarial Acts, which applies to a notarial act performed on or after July 1, 2018, when the bill becomes effective.
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Washington adopts Uniform Electronic Legal Material Act
The state of Washington has adopted an act which adds a new chapter to Title 1 RCW, which may be known and cited as the Uniform Electronic Legal Material Act (“the Act”).
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Washington State Updates Consumer Loan Licensing Requirements
Effective January 1, 2018, the amount of a surety bond required for a consumer loan license will change. Furthermore, two new sections were added to Washington’s Consumer Loan Act concerning capital requirements for non-depository residential mortgage loan servicers.