Washington: Seller Financing License Waiver
WA Department of Financial Institutions [DFI] has changed its process for issuing the Consumer Loan Act license waiver for seller financing. The license waiver is now “self-effecting.” The seller completes the license waiver form and provides the completed form to DFI as directed in the instructions. Once DFI has received the waiver that part of the process is complete. All that remains is for the seller to provide the buyer with the applicable disclosure summary of the loan terms and conditions. Access the new process and the forms at our website here: http://www.dfi.wa.gov/cs/seller-financing.htm
