Washington State Laws

• Mortgage Brokers Practices Act (MBPA)
  is designed to promote honest and fair dealings and to preserve public confidence in the lending industry by preventing fraudulent practices on consumers.
• The Consumer Loan Act (CLA)
  authorizes higher interest rates so as to ensure credit availability to borrowers with higher than average credit risks that might otherwise be unable to obtain loans.
• The Consumer Protection Act (CPA)
  prohibits unfair and deceptive acts or practices in trade or commerce.
• Escrow Agent Registration Act (EARA)
  requires strict handling of closing documents and the funds necessary for closing your loan.