reglab/housing_qa huggingface dataset:
WA Rev Code § 30A.04.070 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.070 - Costs of examination, filing, and other service fees—Nondirect expenses.

RCW 30A.04.070 Costs of examination, filing, and other service fees—Nondirect expenses.(1) In order to cover the costs of the operation of the department's division of banks and to establish and maintain a reasonable reserve for the division of banks, the department may charge and collect the costs of examination, filing and other service fees, and semiannual charges for recoupment of nondirect expenses related to the examination of financial institutions regulated by the department, as provided for in this section.(2) The director shall collect from each bank, savings bank, trust company, savings association, holding company under this title, holding company under Title 32 RCW, business development company under chapter 31.24 RCW, agricultural lender under chapter 31.35 RCW, and small business lender under chapter 31.40 RCW:(a) For each examination of its condition the estimated actual cost of such examination; and(b) For services in relation to required filings, applications, requests for waiver, investigations, approvals, determinations, certifications, agreements, actions, directives, and orders made by or to the director.(3) In addition to collecting the estimated actual cost of examination and other fees authorized by subsection (2) of this section, the director may collect a semiannual charge for recoupment of nondirect expenses related to the examination of a bank under this title, a trust company, a savings bank under Title 32 RCW, and a savings association under Title 33 RCW, based upon the assets of the bank, savings bank, or savings association, or assets under management of the trust company, which shall be computed upon the asset value reflected in the institution's most recent report of condition. The rate must be the same for banks, savings banks, and savings associations, and there may be a separate rate for trust companies that must be the same for all trust companies.(4) Every bank or trust company, savings bank, savings association, holding company, business development company, state agricultural lender, or state small business lender shall also pay to the secretary of state for filing any instrument the same fees as are required of general corporations for filing corresponding instruments, and also the same license fees as are required of general corporations.(5) The director shall establish, set, and adjust by rule the amount of all fees and charges authorized by subsections (2) and (3) of this section.[ 2014 c 37 § 108; 2013 c 76 § 2; 2010 c 88 § 8; 1994 c 92 § 10; 1955 c 33 § 30.04.070. Prior: 1929 c 73 § 1; 1923 c 172 § 16; 1921 c 73 § 1; 1917 c 80 § 8; RRS § 3215. Formerly RCW 30.04.070.]NOTES:Effective date—2010 c 88: See RCW 32.50.900.
WA Rev Code § 30A.04.112 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.112 - "Loans or obligations" and "liabilities" limited for purposes of RCW 30.04.111.

RCW 30A.04.112 "Loans or obligations" and "liabilities" limited for purposes of RCW 30.04.111.Sales of federal reserve funds with a maturity of one business day or under a continuing contract are not "loans or obligations" or "liabilities" for the purposes of the loan limits established by *RCW 30.04.111. However, sales of federal reserve funds with a maturity of more than one business day are subject to those limits.For the purposes of this section, "sale of federal reserve funds" means any transaction among depository institutions involving the disposal of immediately available funds resulting from credits to deposit balances at federal reserve banks or from credits to new or existing deposit balances due from a correspondent depository institution.[ 1989 c 220 § 1; 1983 c 157 § 2. Formerly RCW 30.04.112.]NOTES:*Reviser's note: RCW 30.04.111 was recodified as RCW 30A.04.111 pursuant to 2014 c 37 § 4, effective January 5, 2015.Severability—1983 c 157: See note following RCW 30A.04.060.
WA Rev Code § 30A.04.120 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.120 - Loans on own stock prohibited—Shares of other corporations.

RCW 30A.04.120 Loans on own stock prohibited—Shares of other corporations.The shares of stock of every bank shall be deemed personal property. No such corporation shall hereafter make any loan or discount on the security of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith; in which case the stocks so purchased or acquired shall be sold at public or private sale, or otherwise disposed of, within six months from the time of its purchase or acquisition. Except as hereinafter provided or otherwise permitted by law, nothing herein contained shall authorize the purchase by any such bank for its own account of any shares of stock of any corporation, except a federal reserve bank of which such corporation shall become a member, and then only to the extent required by such federal reserve bank: PROVIDED, That any bank may purchase, acquire and hold shares of stock in any other corporation which shares have been previously pledged as security to any loan or discount made in good faith and such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith and stock so purchased or acquired shall be sold at public or private sale or otherwise disposed of within two years from the time of its purchase or acquisition. Any time limit imposed in this section may be extended by the director upon cause shown. Banks are authorized to make loans on the security of the capital stock of a bank other than the lending corporation.[ 2014 c 37 § 111; 1994 c 92 § 13; 1986 c 279 § 4; 1973 1st ex.s. c 104 § 1; 1955 c 33 § 30.04.120. Prior: 1943 c 187 § 1; 1933 c 42 § 9; 1929 c 73 § 5; 1917 c 80 § 36; Rem. Supp. 1943 § 3243. Formerly RCW 30.04.120.]
WA Rev Code § 30A.04.127 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.127 - Formation, incorporation, or investment in corporations or other entities authorized—Approval—Exception.

RCW 30A.04.127 Formation, incorporation, or investment in corporations or other entities authorized—Approval—Exception.(1) A bank, alone or in conjunction with other entities, may form, incorporate, or invest in corporations or other entities, whether or not such other corporation or entity is related to the bank's business. The aggregate amount of funds invested, or used in the formation of corporations or other entities under this section shall not exceed ten percent of the assets or fifty percent of the net worth, whichever is less, of the bank. For purposes of this subsection, "net worth" means the aggregate of capital, surplus, undivided profits, and all capital notes and debentures which are subordinate to the interest of depositors.(2) A bank may engage in an activity permitted under this section only with the prior authorization of the director and subject to such requirements, restrictions, or other conditions as the director may adopt by rule, order, directive, standard, policy, memorandum, or other written communication with regard to the activity. In approving or denying a proposed activity, the director shall consider the financial and management strength of the institution, the convenience and needs of the public, and whether the proposed activity should be conducted through a subsidiary or affiliate of the bank. The director may not authorize under this section and no bank may act as an insurance or travel agent unless otherwise authorized by state statute.[ 2014 c 37 § 113; 2010 c 88 § 11; 1994 c 92 § 15; 1987 c 498 § 1. Formerly RCW 30.04.127.]NOTES:Effective date—2010 c 88: See RCW 32.50.900.
WA Rev Code § 30A.04.129 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.129 - Investment in obligations issued or guaranteed by multilateral development bank.

RCW 30A.04.129 Investment in obligations issued or guaranteed by multilateral development bank.Any bank may invest in obligations issued or guaranteed by any multilateral development bank in which the United States government formally participates. Such investment in any one multilateral development bank shall not exceed five percent of the bank's paid-in capital and surplus.[ 2014 c 37 § 114; 1985 c 301 § 2. Formerly RCW 30.04.129.]
WA Rev Code § 30A.04.130 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.130 - Defaulted debts, judgments to be charged off—Valuation of assets.

RCW 30A.04.130 Defaulted debts, judgments to be charged off—Valuation of assets.Based on examinations directed pursuant to RCW 30A.04.060 or other appropriate information, all assets or portion thereof that the director may have required a bank to charge off shall be charged off. No bank shall enter or at any time carry on its books any of its assets or liabilities at a valuation contrary to generally accepted accounting principles.[ 2014 c 37 § 115. Prior: 1994 c 256 § 34; 1994 c 92 § 16; 1986 c 279 § 6; 1955 c 33 § 30.04.130; prior: 1937 c 61 § 1; 1919 c 209 § 15; 1917 c 80 § 47; RRS § 3254. Formerly RCW 30.04.130.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 30A.04.140 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.140 - Pledge of securities or assets prohibited—Exceptions.

RCW 30A.04.140 Pledge of securities or assets prohibited—Exceptions.No bank shall pledge or hypothecate any of its securities or assets to any depositor, except that it may qualify as depositary for United States deposits, or other public funds, or funds held in trust and deposited by any public officer by virtue of his or her office, or as a depository for the money of estates under the statutes of the United States pertaining to bankruptcy or funds deposited by a trustee or receiver in bankruptcy appointed by any court of the United States or any referee thereof, or funds held by the United States or the state of Washington, or any officer thereof in trust, or for funds of corporations owned or controlled by the United States, and may give such security for such deposits as are required by law or by the officer making the same; and it may give security to its trust department for deposits with itself which represent trust funds invested in savings accounts or which represent fiduciary funds awaiting investment or distribution.[ 2014 c 37 § 116; 2011 c 336 § 744; 1986 c 279 § 7; 1983 c 157 § 6; 1967 c 133 § 2; 1955 c 33 § 30.04.140. Prior: 1933 c 42 § 24, part; 1917 c 80 § 54, part; RRS § 3261, part. Formerly RCW 30.04.140.]NOTES:Severability—1983 c 157: See note following RCW 30A.04.060.
WA Rev Code § 30A.04.180 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.180 - Dividends.

RCW 30A.04.180 Dividends.No bank shall declare or pay any dividend to an amount greater than its retained earnings, without approval from the director. The director shall in his or her discretion have the power to require any bank to suspend the payment of any and all dividends until all requirements that may have been made by the director shall have been complied with; and upon such notice to suspend dividends no bank shall thereafter declare or pay any dividends until such notice has been rescinded in writing. A dividend is payable in cash, property, or capital stock, but the restrictions on the payment of a dividend (other than restrictions imposed by the director pursuant to his or her authority to require the suspension of the payment of any or all dividends) do not apply to a dividend payable by the bank solely in its own capital stock. For purposes of this section, "retained earnings" shall be determined by generally accepted accounting principles.[ 2014 c 37 § 117. Prior: 1994 c 256 § 35; 1994 c 92 § 17; 1986 c 279 § 8; 1981 c 89 § 1; 1969 c 136 § 2; 1955 c 33 § 30.04.180; prior: 1933 c 42 § 7; 1931 c 11 § 1; 1917 c 80 § 33; RRS § 3240. Formerly RCW 30.04.180.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.Severability—1981 c 89: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [ 1981 c 89 § 8.]
WA Rev Code § 30A.04.210 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.210 - Real estate holdings.

RCW 30A.04.210 Real estate holdings.A bank may purchase, hold, and convey real estate for the following purposes:(1) Such as shall be necessary for the convenient transaction of its business, including with its banking offices other space in the same building to rent as a source of income: PROVIDED, That any bank shall not invest for such purposes more than the greater of: (a) Fifty percent of its capital, surplus, and undivided profits; or (b) one hundred twenty-five percent of its capital stock without the approval of the director.(2) Such as shall be purchased or conveyed to it in satisfaction, or on account of, debts previously contracted in the course of its business.(3) Such as it shall purchase at sale under judgments, decrees, liens, or mortgage foreclosures, from debts owed to it.(4) Such as a trust company receives in trust or acquires pursuant to the terms or authority of any trust.(5) Such as it may take title to or for the purpose of investing in real estate conditional sales contracts.(6) Such as shall be purchased, held, or conveyed in accordance with RCW 30A.04.212 granting banks the power to invest directly or indirectly in unimproved or improved real estate.[ 2014 c 37 § 118. Prior: 1994 c 256 § 36; 1994 c 92 § 18; 1986 c 279 § 9; 1985 c 329 § 4; 1979 c 142 § 1; 1973 1st ex.s. c 104 § 2; 1955 c 33 § 30.04.210; prior: 1947 c 149 § 1; 1917 c 80 § 37; Rem. Supp. 1947 § 3244. Formerly RCW 30.04.210.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.Legislative intent—1985 c 329: See note following RCW 30A.60.010.Effective date—1985 c 329: See RCW 30A.60.901.Adoption of rules: RCW 30A.60.030.
WA Rev Code § 30A.04.212 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.212 - Real property and improvements thereon.

RCW 30A.04.212 Real property and improvements thereon.(1) In addition to the powers granted under RCW 30A.04.210 and subject to the limitations and restrictions contained in this section and in RCW 30A.60.010 and 30A.60.020, a bank:(a) May acquire any interest in unimproved or improved real property;(b) May construct, alter, and manage improvements of any description on real estate in which it holds a substantial equity interest.(2) The powers granted under subsection (1) of this section do not include, and a bank may not:(a) Manage any real property in which the bank does not own a substantial equity interest;(b) Engage in activities of selling, leasing, or otherwise dealing in real property as an agent or broker; or(c) Acquire any equity interest in any one to four-family dwelling that is used as a principal residence by the owner of the dwelling; however, this shall not prohibit a bank from making loans secured by such dwelling where all or part of the bank's anticipated compensation results from the appreciation and sale of such dwelling.(3) The aggregate amount of funds invested under this section shall not exceed two percent of a bank's capital, surplus, and undivided profits. Such percentage amount shall be increased based upon the most recent community reinvestment rating assigned to a bank by the director in accordance with RCW 30A.60.010, as follows:(a) Excellent performance: Increase to 10%(b) Good performance: Increase to 8%(c) Satisfactory performance: Increase to 6%(d) Inadequate performance: Increase to 3%(e) Poor performance: No increase(4) For purposes of this section only, each bank will be deemed to have been assigned a community reinvestment rating of "1" for the period beginning with January 1, 1986, and ending December 31, 1986. Thereafter, each bank will be assigned an annual rating in accordance with RCW 30A.60.010, which rating shall remain in effect for the next succeeding year and until the director has conducted a new investigation and assigned a new rating for the next succeeding year, the process repeating on an annual basis.(5) No bank may at any time be required to dispose of any investment made in accordance with this section due to the fact that the bank is not then authorized to acquire such investment, if such investment was lawfully acquired by the bank at the time of acquisition.(6) The director shall limit the amount that may be invested in a single project or investment and may adopt any rule necessary to the safe and sound exercise of powers granted by this section.[ 2014 c 37 § 119; 1994 c 92 § 19; 1985 c 329 § 5. Formerly RCW 30.04.212.]NOTES:Legislative intent—1985 c 329: See note following RCW 30A.60.010.Effective date—1985 c 329: See RCW 30A.60.901.Adoption of rules: RCW 30A.60.030.
WA Rev Code § 30A.04.214 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.214 - Qualifying community investments.

RCW 30A.04.214 Qualifying community investments.(1) An amount equal to ten percent of the aggregate amount invested in real estate in accordance with RCW 30A.04.212 shall be placed in qualifying community investments as defined in subsection (2) of this section.(2) "Qualifying community investment" means any direct or indirect investment or extension of credit made by a bank in projects or programs designed to develop or redevelop areas in which persons with low or moderate incomes reside, designed to meet the credit needs of such low or moderate-income areas, or that primarily benefits low and moderate-income residents of such areas. The term includes, but is not limited to, any of the following within the state of Washington:(a) Investments in governmentally insured, guaranteed, subsidized, or otherwise sponsored programs for housing, small farms, or businesses that address the needs of the low and moderate-income areas.(b) Investments in residential mortgage loans, home improvements loans, housing rehabilitation loans, and small business or small farm loans originated in low and moderate-income areas, or the purchase of such loans originated in low and moderate-income areas.(c) Investments for the preservation or revitalization of urban or rural communities in low and moderate-income areas.The term does not include personal installment loans, loans made to purchase, or loans secured by an automobile.(3) A qualifying community investment made by an entity that wholly owns a bank, is wholly owned by a bank, or is wholly owned by an entity that wholly owns the bank is deemed to have been made by a bank to satisfy the requirements of subsection (1) of this section.[ 2014 c 37 § 120; 1985 c 329 § 6. Formerly RCW 30.04.214.]NOTES:Legislative intent—1985 c 329: See note following RCW 30A.60.010.Effective date—1985 c 329: See RCW 30A.60.901.Adoption of rules: RCW 30A.60.030.
WA Rev Code § 30A.04.217 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.217 - Additional powers of a bank—Powers and authorities of savings bank—Definition—Restrictions.

RCW 30A.04.217 Additional powers of a bank—Powers and authorities of savings bank—Definition—Restrictions.(1) Notwithstanding any other provisions of law, in addition to all powers, express or implied, that a bank has under the laws of this state, a bank shall have the powers and authorities conferred upon a savings bank under Title 32 RCW.(2) As used in this section, "powers and authorities" include without limitation powers and authorities in corporate governance and operational matters.(3) The restrictions, limitations, and requirements applicable to specific powers and authorities of savings banks shall apply to banks exercising those powers and authorities permitted under this section but only insofar as the restrictions, limitations, and requirements relate to exercising the powers and authorities granted banks solely under this section.[ 2013 c 76 § 5; 2010 c 88 § 13; 2003 c 24 § 1. Formerly RCW 30.04.217.]NOTES:Effective date—2010 c 88: See RCW 32.50.900.
WA Rev Code § 30A.04.220 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.220 - Corporations existing under former laws.

RCW 30A.04.220 Corporations existing under former laws.Every corporation, which on March 10, 1917, was actually and publicly engaged in banking or trust business in this state in full compliance with the laws hereof, which were in force immediately prior to March 10, 1917, may, if it otherwise complies with the provisions of this title, continue its said business, subject to the terms and regulations hereof and without amending its articles of incorporation, although its name and the amount of its capital stock, the number or length of terms of its directors or the form of its articles of incorporation do not comply with the requirements of this title: PROVIDED,(1) That any such bank, which was by the director lawfully permitted to operate, although its capital stock was not fully paid in, shall pay in the balance of its capital stock at such times and in such amounts as the director may require;(2) That, except with written permission of the director, any bank which shall amend its articles of incorporation must in such event comply with all the requirements of this title.[ 2014 c 37 § 122; 1994 c 92 § 21; 1955 c 33 § 30.04.220. Prior: 1937 c 31 § 1; 1917 c 80 § 78; RRS § 3285. Formerly RCW 30.04.220.]
WA Rev Code § 30A.04.225 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.225 - Contributions and gifts.

RCW 30A.04.225 Contributions and gifts.In the absence of an express prohibition in its articles of incorporation, the making of contributions or gifts for the public welfare, or for charitable, scientific, or educational purposes by a state bank is within its powers and shall be deemed to inure to the benefit of the bank.[ 2014 c 37 § 123; 1986 c 279 § 11. Formerly RCW 30.04.225.]