A Washington appraiser completes work on 1 March 2026, the loan records on 1 April, and payment goes out on 20 May. Assuming no different payment agreement or bona fide written dispute, was payment within the earlier statutory deadline?
Correct Answer
A) Late: payment was due 30 days after recording or 90 after completion
A person subject to the chapter must pay third-party providers no later than thirty days after the recording of the loan closing documents or ninety days after completion of the third-party service, whichever comes first, unless otherwise agreed or unless the provider has been notified in writing that a bona fide dispute exists. The earlier date here is 1 May. Other choices: taking the 90-day limb alone ignores whichever comes first; 15 days is not the figure; and the absence of a dispute is what leaves the deadline in force. Source: RCW 19.146.0201(12)
Why This Is the Correct Answer
A person subject to the chapter must pay third-party providers no later than thirty days after the recording of the loan closing documents or ninety days after completion of the third-party service, whichever comes first, unless otherwise agreed or unless the provider has been notified in writing that a bona fide dispute exists. The earlier date here is 1 May. Other choices: taking the 90-day limb alone ignores whichever comes first; 15 days is not the figure; and the absence of a dispute is what leaves the deadline in force. Source: RCW 19.146.0201(12)
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