Section 61.24.166. Application of RCW 61.24.163 to federally insured depository institutions—Annual application for exemption.

The provisions of RCW 61.24.163 do not apply to any federally insured depository institution, as defined in 12 U.S.C. Sec. 461(b)(1)(A), that certifies to the department under penalty of perjury that it was not a beneficiary of deeds of trust in more than two hundred fifty trustee sales of owner-occupied residential real property that occurred in this state during the preceding calendar year. A federally insured depository institution certifying that RCW 61.24.163 does not apply must do so annually, beginning no later than thirty days after July 22, 2011, and no later than January 31st of each year thereafter.

[ 2011 c 58 § 9.]

NOTES:

Findings—Intent—Short title—2011 c 58: See notes following RCW 61.24.005.

2011 c 58 § 9.