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Fund Reference Manual

Fund 16K - Mortgage Recovery Fund Account

Authority: RCW 19.146.205
Admin Agency: Dept of Financial Institutions - 1020
Cash Type: 2 - Treasury Trust Fund
SAAM Budget Type: Budgeted (Nonappropriated/Allotted) (B)
Earnings from Investments are: Credited to the general fund under RCW 43.79A.040(4)(a).
Description: To reimburse a person after a court of competent juisdiction has determined the actual damages caused by a licensee.
Sources of Revenue: Fees
Clientele: Citizens.
Effective Date: 01/01/2010

ACFR Information

Account Code: 16K
Account Title: Mortgage Recovery Fund Account
Fund Type: AA - General Fund
Rollup Fund: AZ - Other Accounts in the General Fund
Closing GL Code: 9321 - Committed for Other Purposes