Document Updates: Washington Foreclosure Prevention Fee Disclosure (Cx28412)
Jun 30, 2026
Rev. Code of Wash. Ann. § 61.24.157 “Residential mortgage loans--Foreclosure prevention fee--Notice” states:
(1) For each residential mortgage loan, as defined in RCW 31.04.015(24), originated within or outside of the state of Washington and related to property located within the state of Washington, except as set forth in subsection (2) of this section, a foreclosure prevention fee of $80 shall be assessed and due and payable at the time of closing by the escrow agent or other settlement or closing agent processing the loan closing into the foreclosure fairness account created in RCW 61.24.172. This foreclosure prevention fee may be financed in the loan and paid from the loan proceeds at the time of closing.
Rev. Code of Wash. Ann. § 31.04.015 states:
(24) “Residential mortgage loan” means any loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other consensual security interest on a dwelling, as defined in the truth in lending act, or residential real estate upon which is constructed or intended to be constructed a dwelling.
Since “any loan primarily for personal, family, or household use” would not apply to investment properties, the configuration option for FI 1161 “Occupancy” for Cx28412 “WA Foreclosure Prevention Fee Disclosure” has been updated as follows:
Primary Residence = Yes
Second Home = Yes
Investment = No
These changes are available for testing on Stage & Stage 2 servers and will take effect on July 8, 2026. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
COM-7535
DR-226685
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third-party should consult with an attorney prior to embarking upon any specific course of action.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.