{"data":{"id":"us-wa/rcw-61.24.177","jurisdiction":"us-wa","citation":"RCW 61.24.177","heading":"Deed of trust pool—Duty of servicer to maximize net present value.","body":"Any duty that servicers may have to maximize net present value under their pooling and servicing agreements is owed to all parties in a deed of trust pool, not to any particular parties, and a servicer acts in the best interests of all parties if it agrees to or implements a modification or workout plan when both of the following apply:\n(1) The deed of trust is in payment default, or payment default is reasonably imminent; and\n(2) Anticipated recovery under a modification or workout plan exceeds the anticipated recovery through foreclosure on a net present value basis.","path":["Title 61","Chapter 61.24"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=61.24.177","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T03:38:02Z","sha256":"fd5e3a731d57016754074926eb956628e444dc1e729cae1005e1a38bf386ad12","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-61.24.172","next":"us-wa/rcw-61.24.180"},"notice":"GroundRules: Original legal text. Not legal advice."}