This is not legal advice for your situation*

New Licensing Requirements for Washington State Lenders

For those DocMagic customers making loans in the State of Washington, you may wish to review a letter written by Deb Bortner, Director of Consumer Services, and posted on the Washington State Department of Financial Institutions' (DFI) website concerning new licensing requirements arising from recently enacted legislation.  To view the letter, click here.  Watch the DFI website for upcoming interpretive documents on some of the ramifications of the recent legislation.  The DFI will begin rulemaking to implement the new legislation in a few weeks.
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*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


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