Washington Model Disclosure Statement Notice to Customer

State:
Washington
Control #:
WA-SKU-3735
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PDF
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Description

Model Disclosure Statement Notice to Customer

The Washington Model Disclosure Statement Notice to Customer is a form used by Washington state-registered mortgage loan originators (Los) to disclose information to their customers about various aspects of the loan process. This form is mandated by the Washington Consumer Loan Act and must be provided to customers prior to entering into a loan agreement. The Washington Model Disclosure Statement Notice to Customer provides information about the loan originator, the loan product, current interest rates, loan terms, and fees associated with the loan. The Notice also includes a summary of the consumer’s rights and responsibilities under the Washington Consumer Loan Act. There are two types of Washington Model Disclosure Statement Notice to Customer: one for home loans and one for consumer loans. The Notice for home loans includes additional information about the types of home loans available, the loan originator’s licensing and registration information, and other consumer protections related to home loans. The Notice for consumer loans provides information about the loan product, loan terms and fees, and other consumer protections related to consumer loans.

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FAQ

As per the rules outlined in the Section 64.06. 020 of the Revised Washington Code, you as a seller need to disclose "existing material facts or material defects to the buyer based on the seller's actual knowledge of the property at the time the seller completes the disclosure statement."

When Is a Seller's Disclosure Not Required in Texas? Every rule has exceptions?even in Texas. You don't need a seller's disclosure when you sell or give a house to your kids (such as in a will), your spouse (such as part of a divorce), someone you already co-own the house with, or the government.

A Washington Notice to Owner, also known as a Model Disclosure Statement, is a document that prime contractors must provide the property owner on smaller jobs before work commences.

In Washington, all contractors who perform work or who advertise or submit bids in this state must be registered with the Department of Labor & Industries (L&I), post a bond and carry general liability insurance coverage. A general contractor must maintain a $12,000 bond.

Washington law says that when you sell your home, you must fill out a Seller Disclosure Statement (also known as Form 17). You must tell the buyer any problems with the property that you know about. Download a Seller Disclosure Statement.

Washington state does not require disclosure of death on a property.

When you make an offer on a home, one of the first pieces of paperwork you'll get is a seller's property disclosure. Also known as a ?property disclosure statement,? ?home disclosure? and ?real estate disclosure form,? this document contains a list of known problems with the home.

More info

Disclosure Statement. Notice to Customers.This contractor is registered with the state of Washington, registration no. . . . The Model Disclosure Statement is a type of preliminary notice. To use this document properly, the provider or facility should review and complete it in a manner consistent with applicable state and federal law. HHS. Model forms for risk-based pricing and credit score disclosure exception notices (Appendix H to Part 1022). A Contractor's Disclosure Statement Notice to Customer. ("Notice") is attached as Exhibit D. Under Washington law, Owner's signature is required on the. Regulation CC also requires notice to the depositary bank and to a customer of nonpayment of a check. Selling Homeowners MUST complete: Residential Property Disclosures Acknowledgement Form.

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Washington Model Disclosure Statement Notice to Customer