Washington required documents

Within three business days of receiving a loan application, mortgage brokers or loan originators must provide a written disclosure itemizing all fees and costs, including APR, finance charge, amount financed, payment schedule, points, variable rate terms, itemized third-party costs, lock-in terms, and a statement about trust accounts and refunds. If a lock-in agreement is entered, written confirmation must be provided at least three business days later. At closing, if fees exceed the initial disclosure, a clear written explanation must be given at least three business days prior to closing.