<html><head><meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /></head><body style='font-size: 12pt; font-family: Tahoma,Arial,Helvetica,sans-serif'>
<p>Came across this on the web:</p>
<p><span style="text-decoration: underline;">Navigatelawgroup.com/garn-st-germain-act-simplifies-real-estate-transfers-in-estate-planning/#:~:text=A%20spouse%20being%20added%20to,due-on-sale%20clauses.</span></p>
<div id="signature">
<div> </div>
<div><span style="color: #ff0000;"><strong><em>PLEASE NOTE THAT EFFECTIVE SEPTEMBER 1, 2022, I HAVE MOVED MY OFFICE AND CAN BE REACHED AT THE FOLLOWING NEW ADDRESS:</em></strong></span></div>
<div> </div>
<div><span style="color: #ff0000;"><strong><em>LAW OFFICE OF SHAUN WATCHIE PERRY</em></strong></span></div>
<div><span style="color: #ff0000;"><strong><em>PO BOX 348</em></strong></span></div>
<div><span style="color: #ff0000;"><strong><em>GRAPEVIEW, WA 98546-0348</em></strong></span></div>
<div> </div>
<div><span style="color: #ff0000;"><strong><em>(TELEPHONE, FAX, EMAIL, and WEB PAGE remain the same):</em></strong></span></div>
<div> </div>
<div><span style="font-size: 9pt;"><span style="color: #ff0000;"><strong><em>Tel +<span style="text-decoration: underline;">206.729.7442</span> | Fax + <a style="color: #ff0000;" href="tel:206.260.1411">206.260.1411</a> | Email: <span style="text-decoration: underline;">shaunwperry@swp-law.com</span> | </em></strong></span><span style="color: #ff0000;"><strong><em>Web Page: <span style="text-decoration: underline;"><a style="color: #ff0000; text-decoration: underline;" href="http://www.swp-law.com/" rel="nofollow">www.swp-law.com</a></span></em></strong></span></span></div>
<div> </div>
<div> </div>
<div><em>This e-mail is intended only for the use of the individual or entity to whom it is addressed and may contain confidential, privileged information. If the reader of this e-mail is not the addressee, please be advised that any dissemination, distribution or copying of this e-mail is strictly prohibited. If you receive this communication in error, please call immediately 206-729-7442 and return this e-mail to the above e-mail address and delete from your files.</em></div>
<div>
<p><br /></p>
<p><br /></p>
</div>
</div>
<p><br /></p>
<p id="reply-intro">On 2024-10-31 5:28 pm, Mark Anderson wrote:</p>
<blockquote type="cite" style="padding: 0 0.4em; border-left: #1010ff 2px solid; margin: 0">
<style type="text/css">@font-face
{ font-family: "Cambria Math"; }
@font-face
{ font-family: Calibri; }
@font-face
{ font-family: Aptos; }
@font-face
{ font-family: "Arial Narrow"; }
@font-face
{ font-family: Tahoma; }
@font-face
{ font-family: Garamond; }
#replybody1 p.v1MsoNormal, #replybody1 li.v1MsoNormal, #replybody1 div.v1MsoNormal
{ margin: 0in; font-size: 12.0pt; font-family: "Aptos",sans-serif; }
#replybody1 a:link, #replybody1 span.v1MsoHyperlink
{ mso-style-priority: 99; color: blue; text-decoration: underline; }
#replybody1 span.v1gmailsignatureprefix
{ mso-style-name: gmail_signature_prefix; }
#replybody1 span.v1EmailStyle19
{ mso-style-type: personal-reply; font-family: "Arial",sans-serif; font-variant: normal !important; color: #002060; text-transform: none; font-weight: normal; font-style: normal; text-decoration: none none; vertical-align: baseline; }
#replybody1 .v1MsoChpDefault
{ mso-style-type: export-only; font-size: 11.0pt; }
@page WordSection1
{ size: 8.5in 11.0in; margin: 1.0in 1.0in 1.0in 1.0in; }
#replybody1 div.v1WordSection1
{}</style>
<div id="replybody1" lang="EN-US" style="word-wrap: break-word;">
<div class="v1WordSection1">
<p class="v1MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial',sans-serif; color: #002060;">According to my Google search results, it seems to be the consensus that transfers to children are exempt from execution of the due on sale clause. With the broad definition of "lender" in the</span> <span style="font-size: 10.0pt; font-family: 'Arial',sans-serif; color: #002060;"> Garn St. Germain Act, seller financing would not appear to be an exception.</span></p>
<p class="v1MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial',sans-serif; color: #002060;"> </span></p>
<p class="v1MsoNormal" style="margin-bottom: 12.0pt;"><strong><span style="font-size: 10.0pt; font-family: 'Arial',sans-serif; color: #002060;">Mark B. Anderson<br /></span></strong><span style="font-size: 10.0pt; font-family: 'Arial',sans-serif; color: #002060;">ANDERSON LAW FIRM PLLC<br />821 Dock St Ste 209 PMB 4-12<br />Tacoma, Washington 98402<br />+1 253-327-1750<br />+1 253-327-1751 (fax)<br /><a href="mailto:marka@mbaesq.com" rel="noreferrer"><span style="color: #002060;">marka@mbaesq.com</span></a><br /><a href="http://www.mbaesq.com/" target="_blank" rel="noopener noreferrer"><span style="color: #002060;">www.mbaesq.com</span></a></span></p>
<p class="v1MsoNormal" style="margin-bottom: 12.0pt;"><strong><span style="font-size: 10.0pt; font-family: 'Arial Narrow',sans-serif; color: #002060;">CONFIDENTIALITY NOTICE<br /></span></strong><span style="font-size: 10.0pt; font-family: 'Arial Narrow',sans-serif; color: #002060;">This transmission is confidential and is intended solely for the use of the individual named recipient. It may be protected by the attorney-client privilege, work product doctrine, or other confidentiality protection. If you are not the intended recipient, or the person responsible to deliver it to the intended recipient, be advised that any dissemination, distribution, or copying of this communication is prohibited. If you have received this transmission in error, please immediately notify the sender via e-mail or by telephone at (253) 327-1750 that you have received the message in error, and then delete it. Thank you.</span></p>
<p class="v1MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial',sans-serif; color: #002060;"> </span></p>
<div style="border: none; border-top: solid #E1E1E1 1.0pt; padding: 3.0pt 0in 0in 0in;">
<p class="v1MsoNormal"><strong><span style="font-size: 11.0pt; font-family: 'Calibri',sans-serif;">From:</span></strong><span style="font-size: 11.0pt; font-family: 'Calibri',sans-serif;"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> <strong>On Behalf Of </strong>Julie Martiniello<br /><strong>Sent:</strong> Thursday, October 31, 2024 9:27 AM<br /><strong>To:</strong> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br /><strong>Subject:</strong> [WSBARP] Does the Garn St. Germain Act Due on Sale preemption apply to Seller Financed Loans?</span></p>
</div>
<p class="v1MsoNormal"> </p>
<div>
<div>
<p class="v1MsoNormal">Hello All,</p>
<div>
<p class="v1MsoNormal"> </p>
</div>
<div>
<p class="v1MsoNormal">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. </p>
</div>
<div>
<p class="v1MsoNormal"> </p>
</div>
<div>
<p class="v1MsoNormal">Anyone know of the top of their head? </p>
<div>
<p class="v1MsoNormal"> </p>
</div>
<p class="v1MsoNormal"><span class="v1gmailsignatureprefix">-- </span></p>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto;"><span style="color: #222222;"> </span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><span style="font-family: 'Garamond',serif; color: #44546a;">Respectfully,</span><span style="color: #222222;"></span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><span style="font-family: 'Arial',sans-serif; color: #222222;"> </span><span style="color: #222222;"></span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><span style="font-size: 13.5pt; font-family: 'Garamond',serif; color: #44546a;">Julie Martiniello, Partner</span><span style="color: #222222;"></span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><span style="font-size: 13.5pt; font-family: 'Garamond',serif; color: #44546a;">Dimension Law Group, PLLC</span><span style="color: #222222;"></span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><strong><span style="font-family: 'Garamond',serif; color: #44546a;">Office:</span></strong><span style="font-family: 'Garamond',serif; color: #44546a;"> 206-973-3500│<strong>Fax:</strong> 206-577-5090</span><span style="color: #222222;"></span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><strong><span style="font-family: 'Garamond',serif; color: #44546a;">Email: </span></strong><u><span style="font-family: 'Garamond',serif; color: #44546a;"><a href="mailto:synthia@dimensionlaw.com" rel="noreferrer"><span style="color: #44546a;">julie@dimensionlaw.com</span></a></span></u><span style="color: #222222;"></span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><strong><span style="font-family: 'Garamond',serif; color: #44546a;"><a href="http://www.dimensionlaw.com/" target="_blank" rel="noopener noreferrer">www.dimensionlaw.com</a></span></strong><span style="color: #222222;"></span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><span style="color: #222222;"> </span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><span style="font-family: 'Garamond',serif; color: #44546a;">631 Strander Blvd, Bldg A, Suite G, Tukwila, WA 98188</span><span style="color: #222222;"></span></p>
<p class="v1MsoNormal" style="mso-margin-top-alt: auto; background-image: initial; background-position: initial; background-repeat: initial;"><span style="color: #222222;"> </span></p>
<p class="v1MsoNormal" style="background-image: initial; background-position: initial; background-repeat: initial;"><span style="font-size: 10.0pt; font-family: 'Garamond',serif; color: #44546a;">PRIVILEGED AND CONFIDENTIAL: This email (including any attachments) is intended only for the use of the individual or entity named above and may contain privileged or confidential information. If you are not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are notified that any review, dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please immediately notify us by email, facsimile, or telephone; return the email to us at the email address below; and destroy all paper and electronic copies. </span><span style="font-size: 9.5pt;"></span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<p class="v1MsoNormal"><br /><span style="font-size: 7.5pt; font-family: 'Tahoma',sans-serif; color: #3d85c6; background: white;">PRIVILEGED AND CONFIDENTIAL:</span><span style="font-size: 7.5pt; font-family: 'Tahoma',sans-serif; color: #0b5394; background: white;"> </span><span style="font-size: 7.5pt; font-family: 'Tahoma',sans-serif; color: gray; background: white;">This e-mail (including any attachments) is intended only for the use of the individual or entity named above and may contain privileged or confidential information. If you are not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are notified that any review, dissemination, distribution or copying of this e-mail is prohibited. Attempts to intercept this message are in violation of 18 USC 2511(1) of the Electronic Communications Privacy Act, which subjects the interceptor to fines, imprisonment and/or civil damages. If you have received this e-mail in error, please immediately notify us by e-mail, facsimile, or telephone; return the e-mail to us at the e-mail address below; and destroy all paper and electronic copies. Any settlement offer contained herein is made pursuant to Washington ER 408, and without admitting fault or liability on the part of this firm's client(s) or its agents.</span><span style="font-family: 'Arial',sans-serif; color: #222222; background: white;"> </span><span style="font-size: 7.5pt; font-family: 'Tahoma',sans-serif; color: #4f81bd; background: white;">IRS CIRCULAR 230 DISCLAIMER:</span><span style="font-size: 7.5pt; font-family: 'Tahoma',sans-serif; color: blue; background: white;"> </span><span style="font-size: 7.5pt; font-family: 'Tahoma',sans-serif; color: navy; background: white;"> </span><span style="font-size: 7.5pt; font-family: 'Tahoma',sans-serif; color: gray; background: white;">To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code; or (ii) promoting, marketing or recommending to another party any transaction or tax-related matter addressed herein. </span></p>
</div>
</div>
<br />
<div class="pre" style="margin: 0; padding: 0; font-family: monospace">***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***<br /><br />_______________________________________________<br />WSBARP mailing list<br /><a href="mailto:WSBARP@lists.wsbarppt.com">WSBARP@lists.wsbarppt.com</a><br /><a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" target="_blank" rel="noopener noreferrer">http://mailman.fsr.com/mailman/listinfo/wsbarp</a></div>
</blockquote>
</body></html>