Section 458-61A-216. Mortgage insurers.

Latest version.

(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.

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

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

                    
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