reglab/housing_qa huggingface dataset:
WA Rev Code § 30A.38.070 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.38 - Interstate Banking.|30A.38.070 - Out-of-state state bank becomes resulting bank—Branches in this state—RCW 30A.49.125(5) does not apply—When established and maintained—Notice to director.

RCW 30A.38.070 Out-of-state state bank becomes resulting bank—Branches in this state—RCW 30A.49.125(5) does not apply—When established and maintained—Notice to director.(1) Any out-of-state state bank that will be the resulting bank pursuant to an interstate combination involving any bank with branches in Washington, if RCW 30A.49.125(5) does not apply, shall notify the director of the proposed combination not later than three days after the date of filing of an application for the combination with the responsible federal bank supervisory agency, and shall submit a copy of the application to the director and pay applicable application fees, if any, required by the director. In lieu of notice from the out-of-state state bank the director may accept notice from the bank's home state regulator. The director has the authority to waive any procedures required by Washington merger laws if the director finds that the provision is in conflict with the applicable federal law or in conflict with the applicable law of the state of the resulting bank.(2) An out-of-state state bank that has established and maintains a branch in this state pursuant to this chapter shall give at least thirty days' prior written notice or, in the case of an emergency transaction, shorter notice as is consistent with the applicable state or federal law, to the director of any transaction that would cause a change of control with respect to the bank or any bank holding company that controls the bank, with the result that an application would be required to be filed pursuant to the federal change in bank control act of 1978, as amended, 12 U.S.C. Sec. 1817(j), or the federal bank holding company act of 1956, as amended, 12 U.S.C. Sec. 1841 et seq., or any successor statutes. In lieu of notice from the out-of-state state bank the director may accept notice from the bank's home state regulator.[ 2014 c 37 § 210; 1996 c 2 § 17. Formerly RCW 30.38.070.]
WA Rev Code § 30A.38.080 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.38 - Interstate Banking.|30A.38.080 - Application of Washington laws—Declaration of invalidity.

RCW 30A.38.080 Application of Washington laws—Declaration of invalidity.(1) The laws of Washington applicable to Washington state banks regarding community reinvestment, consumer protection, fair lending, and the establishment of intrastate branches apply to any branch in Washington of an out-of-state national bank or out-of-state state bank to the same extent as Washington laws apply to a Washington state bank. In lieu of taking action directly against an out-of-state state bank to enforce compliance with these Washington laws on host state branches, the director may refer action to the home state regulator, but the director retains enforcement powers to ensure that compliance is satisfactory to the director.(2) Any host state branch of a Washington state bank shall comply with all applicable host state laws concerning community reinvestment, consumer protection, fair lending, and the establishment of intrastate branches.(3) In the event that the responsible federal chartering authority, pursuant to applicable federal law, or in the event a court of competent jurisdiction declares that any Washington state law is invalid with respect to an out-of-state or national bank, that Washington state law is also invalid with respect to Washington state banks and to host branches of out-of-state state banks to that same extent. The director may, from time to time, publish by rule Washington state laws that have been found invalidated pursuant to federal law and procedures. This subsection does not impair, in any manner, the authority of the state attorney general to enforce antitrust laws applicable to banks, bank holding companies, or affiliates of those banks or bank holding companies.[ 1996 c 2 § 18. Formerly RCW 30.38.080.]
WA Rev Code § 30A.42.010 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.010 - Purpose.

RCW 30A.42.010 Purpose.The purpose of this chapter is to establish a legal and regulatory framework for operation by alien banks in the state of Washington that will:(1) Create a financial climate which will benefit the economy of the state of Washington;(2) Provide a well regulated and supervised financial system to assist the movement of foreign capital into Washington state for the support and diversification of the local industrial base;(3) Assist the development of the economy of the state of Washington without disrupting business relationships of state and federal financial institutions.[ 1973 1st ex.s. c 53 § 1. Formerly RCW 30.42.010.]
WA Rev Code § 30A.42.020 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.020 - Definitions.

RCW 30A.42.020 Definitions.For the purposes of this chapter, the following terms shall be defined as follows:(1) "Agency" means an office of an alien bank that is exercising the powers authorized by RCW 30A.42.180.(2) "Alien bank" means a bank organized under the laws of a foreign country and having its principal place of business in that country, the majority of the beneficial ownership and control of which is vested in citizens of countries other than the United States of America.(3) "Branch" means an office of an alien bank that is exercising the powers authorized by RCW 30A.42.105, 30A.42.115, and 30A.42.155.(4) "Bureau" means an alien bank's operation in this state exercising the powers authorized by RCW 30A.42.230.(5) "Office" means a branch or agency of an alien bank carrying on business in this state pursuant to this chapter.[ 2014 c 37 § 211; 1994 c 92 § 80; 1983 c 3 § 48; 1973 1st ex.s. c 53 § 2. Formerly RCW 30.42.020.]NOTES:Reviser's note: The definitions in this section have been alphabetized pursuant to RCW 1.08.015(2)(k).
WA Rev Code § 30A.42.030 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.030 - Authorization and compliance with chapter required.

RCW 30A.42.030 Authorization and compliance with chapter required.An alien bank shall not establish and operate an office or bureau in this state unless it is authorized to do so by the director and unless it first complies with all of the provisions of this chapter and then only to the extent expressly permitted by this chapter.[ 1994 c 92 § 81; 1973 1st ex.s. c 53 § 3. Formerly RCW 30.42.030.]
WA Rev Code § 30A.42.040 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.040 - More than one office prohibited.

RCW 30A.42.040 More than one office prohibited.An alien bank shall not be permitted to have more than one office in this state.[ 1973 1st ex.s. c 53 § 4. Formerly RCW 30.42.040.]
WA Rev Code § 30A.42.050 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.050 - Acquisition or serving on board of directors or trustees of other financial institutions prohibited.

RCW 30A.42.050 Acquisition or serving on board of directors or trustees of other financial institutions prohibited.An alien bank shall not take over or acquire an existing federal or state-chartered bank, trust company, mutual savings bank, savings and loan association, or credit union or any branch of any such bank, trust company, mutual savings bank, savings and loan association, or credit union in this state; nor shall any designee, officer, agent or employee of an alien bank serve on the board of directors of any federal or state bank, trust company, savings and loan association, or credit union, or the board of trustees of a mutual savings bank.[ 1973 1st ex.s. c 53 § 5. Formerly RCW 30.42.050.]
WA Rev Code § 30A.42.060 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.060 - Conditions to be met before opening office in state.

RCW 30A.42.060 Conditions to be met before opening office in state.An alien bank shall not hereafter open an office in this state until it has met the following conditions:(1) It has filed with the director an application in such form and containing such information as shall be prescribed by the director.(2) It has designated the director by a duly executed instrument in writing, its agent, upon whom process in any action or proceeding arising out of a transaction with the Washington office may be served. Such service shall have the same force and effect as if the alien bank were a Washington corporation and had been lawfully served with process within the state. The director shall forward by mail, postage prepaid, a copy of every process served upon him or her under the provisions of this subdivision, addressed to the manager or agent of such bank at its office in this state.(3) It has allocated and assigned to its office within this state paid-in capital of not less than two hundred thousand dollars or such larger amounts as the director in his or her discretion may require.(4) It has filed with the director a letter from its chief executive officer guaranteeing that the alien bank's entire capital and surplus is and shall be available for all liabilities and obligations of its office doing business in this state.(5) It has paid the fees required by law and established by the director pursuant to RCW 30A.04.070.(6) It has received from the director his or her certificate authorizing the transaction of business in conformity with this chapter.[ 2014 c 37 § 212; 1994 c 92 § 82; 1973 1st ex.s. c 53 § 6. Formerly RCW 30.42.060.]
WA Rev Code § 30A.42.070 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.070 - Allocated paid-in capital—Requirements.

RCW 30A.42.070 Allocated paid-in capital—Requirements.The capital allocated as required in RCW 30A.42.060(3) shall be maintained within this state at all times in cash or in director approved interest bearing bonds, notes, debentures, or other obligations: (1) Of the United States or of any agency or instrumentality thereof, or guaranteed by the United States; or (2) of this state, or of a city, county, town, or other municipal corporation, or instrumentality of this state or guaranteed by this state, or such other assets as the director may approve. Such capital shall be deposited with a bank qualified to do business in and having its principal place of business within this state, or in a national bank qualified to engage in banking in this state. Such bank shall issue a written receipt addressed and delivered to the director reciting that such deposit is being held for the sole benefit of the United States domiciled creditors of such alien bank's Washington office and that the same is subject to his or her order without offset for the payment of such creditors. For the purposes of this section, the term "creditor" shall not include any other offices, branches, subsidiaries, or affiliates of such alien bank. Subject to the approval of the director, reasonable arrangements may be made for substitution of securities. So long as it shall continue business in this state in conformance with this chapter and shall remain solvent, such alien bank shall be permitted to collect all interest and/or income from the assets constituting such allocated capital.Should any securities so depreciate in market value and/or quality as to reduce the deposit below the amount required, additional money or securities shall be deposited promptly in amounts sufficient to meet such requirements. The director may make an investigation of the market value and of the quality of any security deposited at the time such security is presented for deposit or at any time thereafter. The director may make such charge as may be reasonable and proper for such investigation.[ 2014 c 37 § 213; 1994 c 92 § 83; 1982 c 95 § 1; 1979 c 106 § 6; 1973 1st ex.s. c 53 § 7. Formerly RCW 30.42.070.]NOTES:Effective date—1982 c 95: "This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect July 1, 1982." [ 1982 c 95 § 9.]
WA Rev Code § 30A.42.080 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.080 - Separate assets—Books and records—Priority as to assets.

RCW 30A.42.080 Separate assets—Books and records—Priority as to assets.Every alien bank maintaining an office in this state shall keep the assets of its Washington office entirely separate and apart from the assets of its other operations as though the Washington office was conducted as a separate and distinct entity. Every such alien bank shall keep separate books of account and records for its Washington office and shall observe with respect to such office the applicable requirements of this chapter and the applicable rules and regulations of the director. The United States domiciled creditors of such alien bank's Washington office shall be entitled to priority with respect to the assets of its Washington office before such assets may be used or applied for the benefit of its other creditors or transferred to its general business.[ 1994 c 92 § 84; 1973 1st ex.s. c 53 § 8. Formerly RCW 30.42.080.]
WA Rev Code § 30A.42.090 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.090 - Approval of application—Criteria—Reciprocity.

RCW 30A.42.090 Approval of application—Criteria—Reciprocity.The director may give or withhold his or her approval of an application by an alien bank to establish an office in this state at his or her discretion. The director's decision shall be based on the information submitted to his or her office in the application required by RCW 30A.42.060 and such additional investigation as the director deems necessary or appropriate. Prior to granting approval to said application, the director shall have ascertained to his or her satisfaction that all of the following are true:(1) The proposed location offers a reasonable promise of adequate support for the proposed office;(2) The proposed office is not being formed for other than legitimate objects;(3) The proposed officers of the proposed office have sufficient banking experience and ability to afford reasonable promise of successful operation;(4) The reputation and financial standing of the alien bank is such as to command the confidence and warrant belief that the business of the proposed office will be conducted honestly and efficiently in accordance with the intent and purpose of this chapter, as set forth in RCW 30A.42.010;(5) The principal purpose of establishing such office shall be within the intent of this chapter.The director shall not grant an application for an office of an alien bank unless the law of the foreign country under which laws the alien bank is organized permits a bank with its principal place of business in this state to establish in that foreign country a branch, agency or similar operation.[ 2014 c 37 § 214; 1994 c 92 § 85; 1973 1st ex.s. c 53 § 9. Formerly RCW 30.42.090.]
WA Rev Code § 30A.42.100 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.100 - Notice of approval—Filing—Time period for commencing business.

RCW 30A.42.100 Notice of approval—Filing—Time period for commencing business.If the director approves the application, he or she shall notify the alien bank of his or her approval and shall file certified copies of its charter, certificate or other authorization to do business with the secretary of state. Upon such filing, the director shall issue a certificate of authority stating that the alien bank is authorized to conduct business through a branch or agency in this state at the place designated in accordance with this chapter. Each such certificate shall be conspicuously displayed at all times in the place of business specified therein.The office of the alien bank must commence business within six months after the issuance of the director's certificate: PROVIDED, That the director for good cause shown may extend such period for an additional time not to exceed three months.[ 1994 c 92 § 86; 1985 c 305 § 7; 1973 1st ex.s. c 53 § 10. Formerly RCW 30.42.100.]
WA Rev Code § 30A.42.105 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.105 - Power to make loans and to guarantee obligations.

RCW 30A.42.105 Power to make loans and to guarantee obligations.An approved branch of an alien bank shall have the same power to make loans and guarantee obligations as a state bank chartered pursuant to this title: PROVIDED, HOWEVER, That the base for computing the applicable loan limitation shall be the entire capital and surplus of the alien bank. The director may adopt rules limiting the amount of loans to full-time employees of the branch.[ 2014 c 37 § 215; 1994 c 92 § 87; 1982 c 95 § 4. Formerly RCW 30.42.105.]NOTES:Effective date—1982 c 95: See note following RCW 30A.42.070.
WA Rev Code § 30A.42.120 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.120 - Requirements for accepting deposits or transacting business.

RCW 30A.42.120 Requirements for accepting deposits or transacting business.A branch shall not commence to transact in this state the business of accepting deposits or transact such business thereafter unless it has met the following requirements:(1) It has obtained federal deposit insurance corporation insurance covering its eligible deposit liabilities within this state, or in lieu thereof, made arrangements satisfactory to the director for maintenance within this state of additional capital equal to not less than five percent of its deposit liabilities, computed on the basis of the average daily net deposit balances covering semimonthly periods as prescribed by the director. Such additional capital shall be deposited in the manner provided in RCW 30A.42.070.(2) It holds in this state currency, bonds, notes, debentures, drafts, bills of exchange, or other evidences of indebtedness or other obligations payable in the United States or in United States funds or, with the approval of the director, in funds freely convertible into United States funds or such other assets as are approved by the director, in an amount not less than one hundred percent of the aggregate amount of liabilities of such alien bank payable at or through its office in this state. When calculating the value of the assets so held, credit shall be given for the amounts deposited pursuant to RCW 30A.42.060(3) and 30A.42.120(1), but there shall be excluded all amounts due from the head office and any other branch, agency, or other office or wholly-owned subsidiary of the bank, except those amounts due from such offices or subsidiaries located within the United States and payable in United States dollars.(3) If deposits are not insured by the federal deposit insurance corporation, then that fact shall be disclosed to all depositors pursuant to rules of the director.(4) If the branch conducts an international banking facility, the deposits of which are exempt from reserve requirements of the federal reserve banking system, the liabilities of that facility shall be excluded from the deposit and other liabilities of the branch for the purposes of subsection (1) of this section.[ 2014 c 37 § 217; 1994 c 92 § 89; 1982 c 95 § 2; 1975 1st ex.s. c 285 § 2; 1973 1st ex.s. c 53 § 12. Formerly RCW 30.42.120.]NOTES:Effective date—1982 c 95: See note following RCW 30A.42.070.
WA Rev Code § 30A.42.140 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.140 - Investigations—Examinations.

RCW 30A.42.140 Investigations—Examinations.The director, without previous notice, shall visit the office of an alien bank doing business in this state pursuant to this chapter at least once every eighteen months, and more often if necessary, for the purpose of making a full investigation into the condition of such office, and for that purpose they are hereby empowered to administer oaths and to examine under oath any director or member of its governing body, officer, employee, or agent of such alien bank or office. The director shall make such other full or partial examination as he or she deems necessary. The director shall collect, from each alien bank for each examination of the conditions of its office in this state, the estimated actual cost of such examination.[ 2001 c 176 § 1; 1994 c 92 § 91; 1982 c 95 § 3; 1973 1st ex.s. c 53 § 14. Formerly RCW 30.42.140.]NOTES:Effective date—1982 c 95: See note following RCW 30A.42.070.
WA Rev Code § 30A.42.145 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.145 - Examination reports and information—Confidential—Privileged—Penalty.

RCW 30A.42.145 Examination reports and information—Confidential—Privileged—Penalty.See RCW 30A.04.075.
WA Rev Code § 30A.42.150 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.42 - Alien Banks.|30A.42.150 - Loans subject to usury laws.

RCW 30A.42.150 Loans subject to usury laws.Loans made by an office shall be subject to the laws of the state of Washington relating to usury.[ 1973 1st ex.s. c 53 § 15. Formerly RCW 30.42.150.]