A Washington broker and borrower agree terms verbally in 2026 and put only part of the bargain in writing. Does a partly oral arrangement meet the entire-written-agreement requirement?
Correct Answer
B) Deficient: the contract is in writing and holds the entire agreement
Every contract between a mortgage broker, or a loan originator, and a borrower must be in writing and contain the entire agreement of the parties. Other choices: partial writing is what the entire agreement requirement excludes; an email confirmation is not the contract; and no notarization is required. Source: RCW 19.146.040(1)
Why This Is the Correct Answer
Every contract between a mortgage broker, or a loan originator, and a borrower must be in writing and contain the entire agreement of the parties. Other choices: partial writing is what the entire agreement requirement excludes; an email confirmation is not the contract; and no notarization is required. Source: RCW 19.146.040(1)
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