reglab/housing_qa huggingface dataset:
WA Rev Code § 31.24.190 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.190 - Formation of historic business development company for purpose of preservation of historic buildings, areas, or neighborhoods.

RCW 31.24.190 Formation of historic business development company for purpose of preservation of historic buildings, areas, or neighborhoods.(1) In addition to the purposes specified in RCW 31.24.020 a historic business development company may be formed for one or more of the following purposes:(a) To encourage and stimulate the preservation of historic buildings or historic commercial areas or neighborhoods by returning them to economically productive uses which are compatible with or enhance the historic character of such buildings, commercial areas, or neighborhoods;(b) To stimulate and assist in the development of business or other activities which have an impact upon the preservation of historic buildings, commercial areas, or neighborhoods;(c) To cooperate and act in conjunction with other organizations, public or private, in the promotion and advancement of historical preservation activities; and(d) To provide financing through loans, investments of other business transactions for the promotion, development, and conduct of all kinds of business activity that encourages or relates to historic preservation. (2) A historic business development company shall not engage in the broad economic and business promotion activities permitted by a general business development company.(3) A general business development company may, in addition to all other activities permitted by this chapter, engage in those activities specifically permitted of a historic business development company organized under subsection (1) of this section.[ 2006 c 87 § 20; 1973 1st ex.s. c 90 § 2.]
WA Rev Code § 31.24.200 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.200 - Insolvency and liquidation—Chapter 30.44 RCW.

RCW 31.24.200 Insolvency and liquidation—Chapter 30.44 RCW.*Chapter 30.44 RCW applies to the insolvency and liquidation of a business development company organized under this chapter.[ 2006 c 87 § 21.]NOTES:*Reviser's note: Chapter 30.44 RCW was recodified as chapter 30A.44 RCW pursuant to 2014 c 37 § 4, effective January 5, 2015.
WA Rev Code § 31.24.205 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.205 - Supervisory direction and conservatorship.

RCW 31.24.205 Supervisory direction and conservatorship.The director has the same power and authority to exercise supervisory direction and conservatorship of, and to issue cease and desist orders upon, a business development company organized under this chapter, as the director has in regard to a bank under *Title 30 RCW.[ 2006 c 87 § 22.]NOTES:*Reviser's note: Title 30 RCW was recodified and/or repealed pursuant to 2014 c 37, effective January 5, 2015.
WA Rev Code § 31.24.210 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.210 - Mergers or consolidations—Application—Approval.

RCW 31.24.210 Mergers or consolidations—Application—Approval.(1) Subject to written approval of the director, one or more general business development companies may merge into or consolidate with each other consistent with *chapter 30.49 RCW.(2) Upon ninety days advance application to and written approval of the director, a historic business development company may convert its charter to that of a general business development company. An application for conversion shall contain a cover letter requesting conversion, the proposed articles of amendments and bylaws amendments, a modified business plan, and other relevant information in form and substance similar to the requirements of a de novo application for a general business development company as provided in RCW 31.24.020. In making a determination of whether to approve or deny such a conversion, the director shall consider:(a) The historic performance and safety and soundness of the historic business development company;(b) Whether the conversion to a general business development company will have a likelihood of continuing to fulfill the purposes of this chapter;(c) Whether the applicant will have a likelihood of remaining safe and sound as a general business development company and pursuant to its proposed modified business plan; and(d) Whether the proposed conversion would serve, or otherwise not detract from, the needs and convenience of the community served by the business development company.[ 2006 c 87 § 23.]NOTES:*Reviser's note: Chapter 30.49 RCW was recodified as chapter 30A.49 RCW pursuant to 2014 c 37 § 4, effective January 5, 2015.
WA Rev Code § 31.24.215 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.215 - Conversion of development credit corporation—Application—Approval—Filing of articles—Certificate of authority.

RCW 31.24.215 Conversion of development credit corporation—Application—Approval—Filing of articles—Certificate of authority.(1) Notwithstanding any other provision of this chapter, a development credit corporation created under chapter 31.20 RCW, or any other company incorporated under Title 23B RCW, may convert to a business development company by filing an application with the department and receiving written approval of the director within ninety days of the date the application is received.(2) In addition to all other requirements of a business development company pursuant to this chapter, the director shall not approve an application for conversion of a development credit corporation unless:(a) A minimum of three stockholders of such corporation are financial institutions;(b) The majority of outstanding shares of common stock of such corporation are held by financial institutions;(c) The articles of incorporation of such a corporation are amended to conform to the requirements of RCW 31.24.020;(d) The bylaws of such a corporation are amended to conform to the requirements of this chapter;(e) The business plan of the corporation is consistent with the requirements of this chapter and has been approved by the director; and(f) The corporation otherwise satisfies the director that all other requirements of a business development company under this chapter have been met. However, such a corporation is not required to have had a minimum of five incorporators at the time it originally was incorporated with the secretary of state, as provided for in RCW 31.24.020(1).(3) Upon approval by the director of the corporation's application for conversion, the amended articles of incorporation, as approved by the director, shall be filed by the director with the secretary of state in the same manner provided for the filing of initial articles of incorporation under RCW 31.24.023. Such corporation shall not commence operation as a business development company until the director has issued such corporation a certificate of authority to conduct business as a business development company.[ 2006 c 87 § 24.]
WA Rev Code § 31.24.220 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.220 - Confidentiality and disclosure—Examinations.

RCW 31.24.220 Confidentiality and disclosure—Examinations.The existing privileges, immunities, and requirements of confidentiality and disclosure with respect to examination records and information obtained by the director in conducting examinations, which are applicable to banks, as set forth in *RCW 30.04.075, apply to examination records and information obtained by the director in conducting examinations of business development companies organized under this chapter.[ 2006 c 87 § 25.]NOTES:*Reviser's note: RCW 30.04.075 was recodified as RCW 30A.04.075 pursuant to 2014 c 37 § 4, effective January 5, 2015.
WA Rev Code § 31.24.225 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.225 - Business as a limited liability company.

RCW 31.24.225 Business as a limited liability company.Notwithstanding any other provision of this chapter, a business development company organized under this chapter may be chartered as a limited liability company, or may convert to doing business as a limited liability company, to the same extent and subject to the same terms and conditions as permitted for a bank organized under *Title 30 RCW, including, without limitation, requirements related to director approval, operational matters, corporate governance, and restrictions on complete dissociation. However:(1) The rights of stockholders, as defined in this chapter, supersede the provisions of *Title 30 RCW to the contrary; and(2) The limited liability company agreement, or other governing charter document of the limited liability company, must contain the same or substantially similar recitals as required in RCW 31.24.020 with respect to business purpose, organizational authority, board of directors, management, and limitations on liability of directors and officers.[ 2006 c 87 § 26.]NOTES:*Reviser's note: Title 30 RCW was recodified and/or repealed pursuant to 2014 c 37, effective January 5, 2015.
WA Rev Code § 31.24.230 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.230 - Simultaneous applications—Business development company and nondepository lender of certain loans—Procedure—Fees.

RCW 31.24.230 Simultaneous applications—Business development company and nondepository lender of certain loans—Procedure—Fees.(1) An applicant may apply simultaneously for both a business development company charter, under this chapter, and for a license as a nondepository lender of federally guaranteed small business loans, under chapter 31.40 RCW.(2) An applicant may apply simultaneously for both a business development company charter, under this chapter, and for a license as a nondepository lender of guaranteed agricultural loans, under chapter 31.35 RCW.(3) Notwithstanding any provisions of this chapter or chapter 31.35 or 31.40 RCW, applications presented to the director as set forth in subsections (1) and (2) of this section shall be considered and evaluated by the director as one application, and an applicant:(a) If granted a business development company charter based on a joint application as provided in subsections (1) and (2) of this section, shall pay fees and charges only as required by this chapter and be subject to joint and simultaneous application review and periodic examination; and(b) If denied a business development company charter when having made a joint application as provided in subsections (1) and (2) of this section, shall pay fees and charges only as required by this chapter.(4) An existing business development company organized under this chapter may apply for either a license, under chapter 31.35 RCW, or a license, under chapter 31.40 RCW, or both; and, if granted, the business development company, as a dual licensee, shall then pay fees and charges only as required by this chapter and be subject to joint and simultaneous application review and periodic examination.[ 2006 c 87 § 27.]
WA Rev Code § 31.24.235 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.235 - Rule making.

RCW 31.24.235 Rule making.The director has broad administrative authority and discretion to adopt rules to carry out the purposes of this chapter.[ 2006 c 87 § 31.]
WA Rev Code § 31.24.901 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.24 - Industrial Development Corporations.|31.24.901 - Short title.

RCW 31.24.901 Short title.This chapter shall be known and may be cited as the "business development company act."[ 2006 c 87 § 32.]
WA Rev Code § 31.35.010 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.010 - Findings—Intent.

RCW 31.35.010 Findings—Intent.The legislature finds and declares that nondepository agricultural lenders can enhance their access to working capital for the purpose of financing agricultural borrowers by using the United States farmers home administration loan guaranty program. The farmers home administration loan guaranty program provides financing to agricultural borrowers needing working capital and longer term financing for the purchase of real estate, agricultural production expenses, debt refinancing, equipment, and the purchase of other fixed assets. Loans can be made to agricultural borrowers by nondepository lenders and guaranteed by the farmers home administration only if the state provides an ongoing opportunity for examination of such entities to confirm good lending practices and solvency.It is the intent of the legislature to empower the director of financial institutions to examine nondepository agricultural lenders for the purpose of allowing such lenders to qualify for participation in the farmers home administration loan guaranty program.[ 1994 c 92 § 251; 1990 c 134 § 1.]
WA Rev Code § 31.35.020 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.020 - Definitions.

RCW 31.35.020 Definitions.Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.(1) "Agricultural lender" means a Washington corporation incorporated under Title 23B or 24 RCW and qualified as such under this chapter and the jurisdiction of the federal government agency sponsoring the loan guaranty program.(2) "Director" means the director of financial institutions.(3) "Loan guaranty program" means the farmers home administration loan guaranty program, or any other government program for which the agricultural lender is eligible and which has as its function the provision, facilitation, or financing of agricultural business operations.[ 1994 c 92 § 252; 1990 c 134 § 2.]
WA Rev Code § 31.35.030 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.030 - Administration—Rules—Duties of director.

RCW 31.35.030 Administration—Rules—Duties of director.(1) The director shall administer this chapter. The director may issue orders and adopt rules that, in the opinion of the director, are necessary to execute, enforce, and effectuate the purposes of this chapter. Rules to enforce the provisions of this chapter shall be adopted under the administrative procedure act, chapter 34.05 RCW.(2) An application filed with the director under this chapter shall be in such form and contain such information as required by the director by rule and be consistent with the requirements of the loan guaranty program.(3) After the director is satisfied that the applicant has satisfied all the conditions necessary for approval, the director shall issue a license to the applicant authorizing it to be an agricultural lender under this chapter.(4) Any change of control of an agricultural lender shall be subject to the approval of the director. Such approval shall be subject to the same criteria as the criteria for approval of the original license. For purposes of this subsection, "change of control" means directly or indirectly, alone or in concert with others, to own, control, or hold the power to vote ten percent or more of the outstanding voting stock of an agricultural lender or the power to elect or control the election of a majority of the board of directors of an agricultural lender.(5) The director may deny, suspend, or revoke a license if the agricultural lender violates any provision of this chapter or any rules promulgated pursuant to this chapter.[ 1994 c 92 § 253; 1990 c 134 § 3.]
WA Rev Code § 31.35.040 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.040 - Participation by agricultural lender—Powers and privileges.

RCW 31.35.040 Participation by agricultural lender—Powers and privileges.(1) An agricultural lender may participate in a loan guaranty program. If an agricultural lender participates in a loan guaranty program, the agricultural lender shall comply with the requirements of that program.(2) An agricultural lender may be incorporated under either the Washington business corporation act, Title 23B RCW, or the Washington nonprofit corporation act, Title 24 RCW. In addition to the powers and privileges provided to an agricultural lender by this chapter, an agricultural lender has all the powers and privileges conferred by its incorporating statute that are not inconsistent with or limited by this chapter.[ 1990 c 134 § 4.]
WA Rev Code § 31.35.050 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.050 - Costs of supervision—Fees.

RCW 31.35.050 Costs of supervision—Fees.(1) The director is authorized to charge a fee for the estimated direct and indirect costs for examination and supervision by the director of an agricultural lender or a subsidiary of an agricultural lender. Excess examiner time shall be billed at a reasonable rate established by rule.(2) All such fees shall be deposited in the financial services regulation fund and administered consistent with the provisions of RCW 43.320.110.[ 2001 c 177 § 7; 1994 c 92 § 254; 1990 c 134 § 5.]NOTES:Effective date—2001 c 177: See note following RCW 43.320.080.
WA Rev Code § 31.35.060 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.060 - Responsibility of agricultural lender—Recordkeeping—Loan loss reserve.

RCW 31.35.060 Responsibility of agricultural lender—Recordkeeping—Loan loss reserve.(1) An agricultural lender shall keep books, accounts, and other records in such form and manner as required by the director. These records shall be kept at such place and shall be preserved for such length of time as specified by the director by rule.(2) Not more than ninety days after the close of each calendar year, or within a period specified by the director, an agricultural lender shall file with the director a report containing the following:(a) Financial statements, including the balance sheet, the statement of income or loss, the statement of changes in capital accounts, and the statement of changes in financial position; and(b) Other information that the director may require.(3) Each agricultural lender shall provide for a loan loss reserve sufficient to cover projected loan losses that are not guaranteed by the United States government or any agency thereof.[ 1994 c 92 § 255; 1990 c 134 § 6.]
WA Rev Code § 31.35.070 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.070 - Examination of agricultural lender.

RCW 31.35.070 Examination of agricultural lender.(1) The director shall visit each agricultural lender at least every twenty-four months for the purpose of assuring that the agricultural lender remains in compliance with and qualified for the loan guaranty program.(a) The director may accept timely audited financial statements and other timely reports the director determines to be relevant and accurate as part of a full and complete examination of the agricultural lender. The director shall make an independent review of loans guaranteed by the loan guaranty program.(b) The agricultural lender shall be exempt from examination under this subsection if it terminates its activities under the loan guaranty program and no loans guaranteed by the loan guaranty program remain on the books. This exemption becomes effective upon notification to the director. The director shall confirm termination of activities under the loan guaranty program with the appropriate federal agency.(c) All examination reports and all information obtained by the director and the director's staff in conducting examinations of an agricultural lender are confidential to the same extent bank examinations are confidential under *RCW 30.04.075.(d) All examination reports may be shared with other state or federal agencies consistent with **chapter 30.04 RCW.(2) A director, officer, or employee of an agricultural lender or of a subsidiary of an agricultural lender being examined by the director or a person having custody of any of the books, accounts, or records of the agricultural lender or of the subsidiary shall facilitate the examination so far as it is in his or her power to do so.(3) If in the opinion of the director it is necessary in the examination of an agricultural lender or of a subsidiary of an agricultural lender, the director may retain any certified public accountant, attorney, appraiser, or other person to assist the director. The agricultural lender being examined shall pay the fees of a person retained by the director under this subsection.[ 1994 c 92 § 256; 1990 c 134 § 7.]NOTES:Reviser's note: *(1) RCW 30.04.075 was recodified as RCW 30A.04.075 pursuant to 2014 c 37 § 4, effective January 5, 2015.**(2) Chapter 30.04 RCW was recodified as chapter 30A.04 RCW pursuant to 2014 c 37 § 4, effective January 5, 2015.