Wash. Rev. Code § 19.144.050
Negative amortization—Limitation
Washington · Revised Code of Washington Chapter 19.144 — Mortgage Lending and Homeownership · Status: effective
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- Citation
- Wash. Rev. Code § 19.144.050, Negative amortization—Limitation, Washington, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1496940
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Full text
A financial institution may not make or facilitate a residential mortgage loan that includes any provisions that impose negative amortization and which are subject to the interagency guidance on nontraditional mortgage product risks and the statement on subprime mortgage lending.