Washington Code 31.04.310 – Residential mortgage or student education loan servicer — Appointment of receiver
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Upon application by the director and upon a showing that the interests of borrowers or creditors so requires, the superior court may appoint a receiver to take over, operate, or liquidate any residential mortgage or student education loan servicer.
Terms Used In Washington Code 31.04.310
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The director’s obligations or duties under chapter 62, Laws of 2018 are subject to section 21, chapter 62, Laws of 2018.