The Department of Financial Institutions, Division of Consumer Services is responsible for licensing mortgage brokers within the State. The industry is governed by the Mortgage Broker Practices Act and the Mortgage Brokers and Loan Originators – Licensing Rules, WAC Chapter 208-660.
Chapter 19.144 RCW, the Mortgage Lending and Homeownership law was enacted to protect Washington homeowners against foreclosure and provide them with access to fair and equitable mortgage loans.