Wash. Admin. Code § 208-620-553

Current through Register Vol. 24-21, November 1, 2024

Section 208-620-553 - Conducting residential mortgage loan servicing activities in the United States or outside the United States

(1) You are prohibited from conducting the following activities from any location outside the United States or its territories:

(a) Receiving payments and maintaining the payment records;

(b) Collection activities;

(c) Any communications with consumers; or

(d) Receipt of data from or disbursement of data to borrowers.

(2) The following activities may be conducted from a location outside the United States or its territories:

(a) Data entry;

(b) Document review;

(c) Recommendation for action;

(d) Records searches;

(e) Credit dispute analysis; or

(f) Escrow account analysis.

Wash. Admin. Code § 208-620-553

Adopted by WSR 18-16-024, Filed 7/24/2018, effective 9/1/2018