Why was April 8, 2014 important for many of you? It was that long awaited, much dreaded day when Microsoft no longer supported and provided security patches to Microsoft XP.
This is important to many of you because DFI expects each of you to have upgraded your systems that hold or provide access to any customer’s personal information.
We have changed our process for issuing the Consumer Loan Act license waiver for seller financing.
The license waiver is now “self-effecting.” The seller or seller’s representative completes the license waiver form and provides the completed form to DFI as directed in the instructions.
It is often with surprise that consumer loan licensees discover that they have violated Washington State law by permitting the use of a settlement or closing agent that is not appropriately licensed to provide settlement services in Washington State.
Read this article for more information about settlement services.