Washington Statutes
§ 31.04.535 — Lender default—Treble damages—Civil remedies.
Washington § 31.04.535
This text of Washington § 31.04.535 (Lender default—Treble damages—Civil remedies.) 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 § 31.04.535 (2026).
Text
(1)In addition to any other remedies, if a lender defaults on any of the reverse mortgage loan terms and fails to cure an actual default after notice as specified in the loan documents, the borrower, or the borrower's estate, is entitled to treble damages.
(2)An arrangement, transfer, or lien subject to this chapter is not invalidated solely because of the failure of a lender to comply with any provision of this chapter. However, this section does not preclude the application of any other existing civil remedies provided by law.
(3)A violation of federal legal requirements for an FHA-approved reverse mortgage as defined in RCW 31.04.505 (1) constitutes a violation of this chapter.
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Related
§ 31.04.505
Washington § 31.04.505
Legislative History
[2009 c 149 s 7.]
Nearby Sections
15
§ 31.04.015
Definitions.§ 31.04.025
Application of chapter.§ 31.04.027
Violations of chapter.§ 31.04.035
License required—When violation occurs.§ 31.04.055
License—Director's duties.§ 31.04.065
License—Information contained.§ 31.04.075
Licensee—Place of business.§ 31.04.085
Licensee—Assessment—Bond—Time of payment.§ 31.04.105
Licensee—Powers—Restrictions.§ 31.04.125
Loan restrictions—Interest calculations.§ 31.04.135
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Bluebook (online)
Washington § 31.04.535, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/31.04.535.