Washington § 59.22.034 Loan duration—Rate of interest—Security—Administration of loan.

Washington Statutes

§ 59.22.034 — Loan duration—Rate of interest—Security—Administration of loan.

Washington § 59.22.034

Title 59LANDLORD AND TENANT

Ch. 59.22OFFICE OF MOBILE/MANUFACTURED HOME RELOCATION ASSISTANCE—RESIDENT-OWNED MOBILE HOME PARKS

This text of Washington § 59.22.034 (Loan duration—Rate of interest—Security—Administration of loan.) 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 § 59.22.034 (2026).

Text

(1)Any loans granted under RCW 59.22.032 shall be for a term of no more than thirty years.

(2)The department shall establish the rate of interest to be paid on loans.

(3)The department shall obtain security for loans made under this chapter. The security may be in the form of a note, deed of trust, assignment of lease, or other form of security on real or personal property which the department determines is adequate to protect the interests of the state. To the extent applicable, the documents evidencing the security shall be recorded or referenced in a recorded document in the office of the county auditor of the county in which the mobile home park is located.

(4)The department may contract with private lenders, nonprofit organizations, or units of local government to provide progr

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Any loans granted under RCW 59.22.032 shall be for a term of no more than thirty years.

(2) The department shall establish the rate of interest to be paid on loans.

(3) The department shall obtain security for loans made under this chapter. The security may be in the form of a note, deed of trust, assignment of lease, or other form of security on real or personal property which the department determines is adequate to protect the interests of the state. To the extent applicable, the documents evidencing the security shall be recorded or referenced in a recorded document in the office of the county auditor of the county in which the mobile home park is located.

(4) The department may contract with private lenders, nonprofit organizations, or units of local government to provide program administration and to service loans made under this chapter.

Effective date — 2012 c 198: See note following RCW 70A.15.5110 .