Revised Code of Washington
Wash. Rev. Code § 61.34.010 (2026)
Legislative findings
✓ current as of May 2026
Find cases:
SyfertCases citing this section
WA-LEGapp.leg.wa.gov
JustiaTitle on Justia
CornellLII Search
CasesGoogle Scholar
The legislature finds that persons are engaging in patterns of conduct which defraud innocent homeowners of their equity interest or other value in residential dwellings under the guise of a purchase of the owner's residence but which is in fact a device to convert the owner's equity interest or other value in the residence to an equity skimmer, who fails to make payments, diverts the equity or other value to the skimmer's benefit, and leaves the innocent homeowner with a resulting financial loss or debt.
The legislature further finds this activity of equity skimming to be contrary to the public policy of this state and therefore establishes the crime of equity skimming to address this form of real estate fraud and abuse.
[ 1988 c 33 s 1.]
Notes of Decisions
Cited in 3
cases (1 in the last 5 years), 2014–2021 · leading case: Jametsky v. Olsen, 317 P.3d 1003 (Wash. 2014).
Jametsky v. Olsen, 317 P.3d 1003 (Wash. 2014). “See RCW 61.34.010. 3 Its remedial nature permeates the chapter.”
Cristy Macgilvary, V. Trudel, Llc (Wash. Ct. App. 2021). “Trudel bases its argument—that the DPCA applies only to acts of equity skimming—on the “legislative findings” in RCW 61.34.010: The legislature finds that persons are engaging in patterns of conduct which defraud innocent homeowners of their equity interest or other value in…”
Jametsky v. Olsen (Wash. 2014). “See RCW 61.34.010. 3 Its remedial nature permeates the chapter.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.