Wash. Admin. Code § 458-61A-216

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

Section 458-61A-216 - Mortgage insurers

(1)Introduction. The transfer of real property from a mortgage lender to the Veterans Administration or Federal Housing Authority is an exempt transaction.

(2) The transfer of real property from a mortgage lender to another private insurer or guarantor in settlement of an insurance claim is a taxable transaction.

Wash. Admin. Code § 458-61A-216

Statutory Authority: RCW 82.32.300, 82.01.060(2), and 82.45.150. 05-23-093, § 458-61A-216, filed 11/16/05, effective 12/17/05.