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Financial Services Law Insights and Observations

Washington Dept. of Financial Institutions issues work from home guidance

State Issues Mortgages Loan Origination Licensing Covid-19 Washington

State Issues

On March 5, the Washington Department of Financial Institutions, Division of Consumer Services issued interim regulatory guidance expressing the Department’s intent to temporarily allow licensed mortgage loan originators to work from home, whether located in Washington State or another state, even if the home is not a licensed branch provided certain conditions are met. The Department also published a website providing Covid-19 resources for DFI licensees.