Washington Statutes
§ 30A.04.515 — Fairness in lending act—Sound underwriting practices not precluded.
Washington § 30A.04.515
This text of Washington § 30A.04.515 (Fairness in lending act—Sound underwriting practices not precluded.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 30A.04.515 (2026).
Text
Nothing contained in RCW 30A.04.505 through [and] 30A.04.510 shall preclude a financial institution from considering sound underwriting practices in processing any application for a loan to any person. Such practices shall include the following:
(1)The willingness and the financial ability of the borrower to repay the loan.
(2)The market value of any real estate and of any other item of property proposed as security for any loan.
(3)Diversification of the financial institution's investment portfolio.
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Related
§ 30A.04.505
Washington § 30A.04.505
Legislative History
[2014 c 37 s 145;1977 ex.s. c 301 s 13. Formerly RCW30.04.515.]
Nearby Sections
15
§ 30A.04.002
Short title.§ 30A.04.005
Legislative declarations.§ 30A.04.007
Notice—Use of internet—Rules.§ 30A.04.010
Definitions.§ 30A.04.045
Director—Powers under chapter19.144RCW.§ 30A.04.050
Duty to comply—Violations—Penalty.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 30A.04.515, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/30A.04.515.