[WSBARP] Does the Garn St. Germain Act Due on Sale preemption apply to Seller Financed Loans?

[Julie Martiniello]

Hello All,

I have a client needing to transfer part of their property to a child.
There is a loan on the property that is seller financed. I have read the
Garn St. Germain Act and do not see that a seller financed loan is exempted
from the provisions of the due on sale preemption, but I thought I read
somewhere that seller financing was excluded from this- however now I
cannot seem to find where I read that.

Anyone know of the top of their head?

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Respectfully,



Julie Martiniello, Partner

Dimension Law Group, PLLC

*Office:*  206-973-3500│*Fax:*  206-577-5090

*Email: **julie at dimensionlaw.com <synthia at dimensionlaw.com>*

*www.dimensionlaw.com <http://www.dimensionlaw.com/>*


631 Strander Blvd, Bldg A, Suite G, Tukwila, WA 98188


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