RCW 31.04.224
Mortgage loan originators -- Licensing exemptions. (Effective July 1, 2010.)

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;

     (2) A licensed attorney 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; or

     (3) Any individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member.

[2009 c 120 § 11.]

NOTES:

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