19.148.020 - Definitions. - Washington Statutes

Definitions.

Unless the context requires otherwise, the definitions in this section apply throughout this chapter.

     (1) "Lender" shall mean any person in the business of making a loan.

     (2) "Loan" shall mean any loan used to finance the acquisition of a one-to-four family owner occupied residence located in this state.

     (3) "Purchasing servicing agent" is any person who purchases, receives through transfer or assignment, or otherwise acquires the responsibility of the servicing for a loan.

     (4) "Person" shall include an individual, firm, association, partnership, business, trust, corporation, or any other legal entity whether resident or nonresident.

[1989 c 98 § 2.]