61.34.070 – Waiver of rights.
RCW 61.34.070 Waiver of rights. (1) A person may not induce or attempt to induce a distressed homeowner to waive his or her rights under this chapter. (2) Any waiver by a homeowner of the provisions of this chapter is void and unenforceable as contrary to public policy. [ 2008 c 278 § 4.]
61.34.080 – Distressed home reconveyance—Requirements.
RCW 61.34.080 Distressed home reconveyance—Requirements. A distressed home purchaser shall enter into a distressed home reconveyance in the form of a written contract. The contract must be written in at least twelve-point boldface type in the same language principally used by the distressed home purchaser and distressed homeowner to negotiate the sale of the distressed […]
61.34.090 – Distressed home reconveyance—Entire agreement—Terms—Notice.
RCW 61.34.090 Distressed home reconveyance—Entire agreement—Terms—Notice. The contract required in RCW 61.34.080 must contain the entire agreement of the parties and must include the following: (1) The name, business address, and telephone number of the distressed home purchaser; (2) The address of the distressed home; (3) The total consideration to be provided by the distressed […]
61.34.100 – Distressed homeowner’s right to cancel.
RCW 61.34.100 Distressed homeowner’s right to cancel. (1) In addition to any other right of rescission, a distressed homeowner has the right to cancel any contract with a distressed home purchaser until midnight of the fifth business day following the day on which the distressed homeowner signs a contract that complies with this chapter or […]
61.34.110 – Notice of distressed homeowner’s right to cancel.
RCW 61.34.110 Notice of distressed homeowner’s right to cancel. (1) The contract required in RCW 61.34.080 must contain, in immediate proximity to the space reserved for the distressed homeowner’s signature, the following conspicuous statement in at least fourteen-point boldface type if the contract is printed, or in capital letters if the contract is typed: “You […]
61.34.120 – Distressed home purchaser—Prohibited practices.
RCW 61.34.120 Distressed home purchaser—Prohibited practices. A distressed home purchaser shall not: (1) Enter into, or attempt to enter into, a distressed home conveyance with a distressed homeowner unless the distressed home purchaser verifies and can demonstrate that the distressed homeowner has a reasonable ability to pay for the subsequent conveyance of an interest back […]
61.34.045 – Arbitration not required.
RCW 61.34.045 Arbitration not required. (1) Any provision in a contract that attempts or purports to require arbitration of any dispute arising under this chapter is void at the option of the distressed homeowner. (2) This section applies to any contract entered into on or after June 12, 2008. [ 2008 c 278 § 9.]
61.34.050 – Distressed home consulting transaction—Requirements—Notice.
RCW 61.34.050 Distressed home consulting transaction—Requirements—Notice. (1) A distressed home consulting transaction must: (a) Be in writing in at least twelve-point font; (b) Be in the same language as principally used by the distressed home consultant to describe his or her services to the distressed homeowner. If the agreement is written in a language other […]
61.34.060 – Distressed home consultant—Fiduciary duties.
RCW 61.34.060 Distressed home consultant—Fiduciary duties. A distressed home consultant has a fiduciary relationship with the distressed homeowner, and each distressed home consultant is subject to all requirements for fiduciaries otherwise applicable under state law. A distressed home consultant’s fiduciary duties include, but are not limited to, the following: (1) To act in the distressed […]
61.30.900 – Short title.
RCW 61.30.900 Short title. This chapter may be known and cited as the real estate contract forfeiture act. [ 1985 c 237 § 17.]