A Washington borrower who paid for an appraisal cannot obtain a loan and asks in writing on 2 June 2026 for a copy. Within what period after the written request must the broker provide the paid-for report?
Correct Answer
D) The broker provides it within 5 days of the written request made
Where a borrower is unable to obtain a loan and has paid in full for an appraisal, title report or credit report, the broker must give a copy to the borrower and transmit the originals to any other broker or lender the borrower directs, within five days after the borrower has made the request in writing, and this applies whether or not a loan was obtained. Other choices: 30 days is not the period; the failure to close is the situation the section addresses; and payment in full rather than in advance is the condition. Source: RCW 19.146.080
Why This Is the Correct Answer
Where a borrower is unable to obtain a loan and has paid in full for an appraisal, title report or credit report, the broker must give a copy to the borrower and transmit the originals to any other broker or lender the borrower directs, within five days after the borrower has made the request in writing, and this applies whether or not a loan was obtained. Other choices: 30 days is not the period; the failure to close is the situation the section addresses; and payment in full rather than in advance is the condition. Source: RCW 19.146.080
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