Posted by Mortgage refinance on November 12, 2004 at 19:18:46:
Statutory Authority: RCW 19.146.225. 95-13-091, § 50-60-08010, filed
michigan mortgage refinance 6/21/95, effective 7/22/95.]
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WAC 208-660-08015 Designation of trust account(s).
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Each account holding borrower funds to pay third-party providers must be designated as a trust account in the name of the mortgage broker as it appears on its
refinance second mortgage license, or if exempt from licensing, in the name of the exempt broker. All checks must be prenumbered by the supplier (printer), unless the licensee uses an automated check writing system, in which
Mortgage loan refinance case all checks must be numbered in sequence, and bear upon the front of
refinance second mortgage the check the identifying words,
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"trust account.
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