Consumer Loan Companies News

News for Washington Consumer Loan Companies.

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The Consumer Loan Act, chapter 31.04 RCW, was amended during the recent legislative session by SSB 5299 (Chapter 229, Laws of 2015). DFI has filed a CR-101 to begin rulemaking to propose amendments to the rules to make changes consistent with the amended law, and to make technical and clarifying changes to the rules.
The Summer 2015 Consumer Services newsletter is now available.
A recording of the June 11, 2015 Mortgage Industry webinar is now available.
A video recording and documents from the March 4 mortgage industry webinar are now available.
All Washington State Consumer Loan Annual Assessments are due by close of business on March 2, 2015.
This compilation of non-mortgage lending rules under the Consumer Loan Act, chapter 31.04 RCW, is an attempt to help industry navigate the applicable rules. This compilation of the rules is not an amendment to the law or rules and does not change applicability of the law or rules. Licensees are ultimately responsible for complying with the law and rules and any mistaken information or omission of information in this compilation does not release a licensee’s liability for not complying with the law or rules.
Many people already know Microsoft has announced that on April 8, 2014, Windows XP will reach the end of its support lifecycle and will no longer be supported. The discontinuing of support means that Microsoft will no longer provide security patches, technical assistance or support for Windows XP. After April 8, 2014, Washington State Department of Financial Institutions (DFI) will consider all devices connected to the Internet running Windows XP a serious security risk. Devices include: PCs, Laptops, and Tablet PCs
The electronic system for filing your 2013 Consumer Loan Annual Assessment Reports is now available. Annual assessment reports are due to DFI on March 3, 2014.
It has come to our attention that clarification is needed on the Manager Licensing Rule of WAC 208-620-301
Disclosure forms for residential seller financing is now available from DFI.