The Washington Statement of Fact is a legal document used to create a binding agreement between parties or to document the terms of a specific transaction. It is often used in the state of Washington to record the terms of a business or real estate transaction. The Washington State Department of Financial Institutions is responsible for approving the form and ensuring that it meets the legal requirements of the state. The Washington Statement of Fact is typically used to create a legal obligation between the parties involved, and it is often used to document the terms of a sale, lease, loan, or other agreement. The form includes all relevant information about the parties involved, including their names, addresses, and contact information. It also outlines the terms of the agreement, including the amount of money being exchanged, the interest rate, the payment schedule, and any other conditions that need to be met. There are two types of Washington Statement of Fact: the Standard Form and the Statutory Form. The Standard Form is typically used for business transactions, while the Statutory Form is used for real estate transactions. Both forms must be approved by the Department of Financial Institutions before they can be legally binding.