reglab/housing_qa huggingface dataset:
WA Rev Code § 31.35.080 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.080 - Enforcement—Responsibility of director—Penalty.

RCW 31.35.080 Enforcement—Responsibility of director—Penalty.(1) The director shall adopt rules to enforce the intent and purposes of this chapter. Such rules shall include, but not be limited to, the following:(a) Disclosure of conflicts of interest;(b) Prohibition of false statements made to the director on any form required by the director or during any examination; or(c) Prevention of fraud and undue influence within an agricultural lender.(2) A violation of any provision of this chapter or any rule of the director adopted under this chapter by an agent, employee, officer, or director of the agricultural lender shall be punishable by a fine, established by the director, not to exceed one hundred dollars for each offense. Each day's continuance of the violation shall be a separate and distinct offense. All fines shall be credited to the financial services regulation fund.(3) The director may issue and serve upon an agricultural lender a notice of charges if, in the opinion of the director, the agricultural lender is violating or has violated the law, rule, or any condition imposed in writing by the director or any written agreement made by the director.(a) The notice shall contain a statement of the facts constituting the alleged violation or practice and shall fix a time and place at which a hearing will be held to determine whether an order to cease and desist should issue against the agricultural lender. The hearing shall be set not earlier than ten days nor later than thirty days after service of the notice unless a later date is set by the director at the request of the agricultural lender.Unless the agricultural lender appears at the hearing by a duly authorized representative, it shall be deemed to have consented to the issuance of the cease and desist order. In the event of consent or if, upon the record made at the hearing, the director finds that any violation or practice specified in the notice of charges has been established, the director may issue and serve upon the agricultural lender an order to cease and desist from the violation or practice. The order may require the agricultural lender and its directors, officers, employees, and agents to cease and desist from the violation or practice and may require the agricultural lender to take affirmative action to correct the conditions resulting from the violation or practice.(b) A cease and desist order shall become effective at the expiration of ten days after the service of the order upon the agricultural lender concerned, except that a cease and desist order issued upon consent shall become effective at the time specified in the order and shall remain effective as provided in the order unless it is stayed, modified, terminated, or set aside by action of the director or a reviewing court.[ 2001 c 177 § 8; 1994 c 92 § 257; 1990 c 134 § 8.]NOTES:Effective date—2001 c 177: See note following RCW 43.320.080.
WA Rev Code § 31.35.090 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.090 - Enforcement—Court order.

RCW 31.35.090 Enforcement—Court order.If, in the opinion of the director, an agricultural lender violates or there is reasonable cause to believe that an agricultural lender is about to violate any provision of this chapter or any rule adopted under this chapter, the director may bring an action in the appropriate court to enjoin the violation or to enforce compliance. Upon a proper showing, a restraining order, or preliminary or permanent injunction, shall be granted, and a receiver or a conservator may be appointed for the agricultural lender or the agricultural lender's assets.[ 1994 c 92 § 258; 1990 c 134 § 9.]
WA Rev Code § 31.35.100 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.100 - Notice—Investments not insured.

RCW 31.35.100 Notice—Investments not insured.All agricultural lenders shall notify their members at the time of membership and annually thereafter that their investment in the agricultural lender, although regulated by the director, is not insured, guaranteed, or protected by any federal or state agency.[ 1994 c 92 § 259; 1990 c 134 § 10.]
WA Rev Code § 31.35.105 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.105 - Application of RCW 31.24.230.

RCW 31.35.105 Application of RCW 31.24.230.RCW 31.24.230 (2) through (4) supersede any contrary provision of this chapter.[ 2006 c 87 § 28.]
WA Rev Code § 31.35.900 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.35 - Agricultural Lenders—Loan Guaranty Program.|31.35.900 - Severability—Administrative review—1990 c 134.

RCW 31.35.900 Severability—Administrative review—1990 c 134.If any provision of this act or its application to any person or circumstance is held invalid or, if in the written opinion of the farmers home administration, is contrary to the intent and purposes of the loan guaranty program, the director shall not enforce such provision, but the remainder of the act or the application of the provision to other persons or circumstances shall not be affected.[ 1994 c 92 § 260; 1990 c 134 § 11.]
WA Rev Code § 31.40.010 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.010 - Intent.

RCW 31.40.010 Intent.The legislature finds and declares that small and moderate-size companies can enhance their access to working capital and to capital for acquiring and equipping commercial and industrial facilities by using the United States small business administration national small business loan program known as the 7(a) loan guaranty program. The 7(a) loan guaranty program provides financing to small firms needing working capital and longer term financing for equipment and other fixed assets. Such loans can be made to small businesses by nondepository lenders and guaranteed by the small business administration only if the state provides for the ongoing regulation and examination of such entities.It is the intent of the legislature that the director of financial institutions [license], regulate, and subject to ongoing examination, nondepository lenders for the purpose of allowing such lenders to participate in the small business administration's 7(a) loan guaranty program.[ 1994 c 92 § 261; 1989 c 212 § 1.]
WA Rev Code § 31.40.020 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.020 - Definitions.

RCW 31.40.020 Definitions.Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.(1) "Licensee" means a Washington corporation licensed under the terms of this chapter.(2) "Director" means the director of financial institutions.[ 1994 c 92 § 262; 1989 c 212 § 2.]
WA Rev Code § 31.40.030 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.030 - Director—Powers and duties.

RCW 31.40.030 Director—Powers and duties.(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) Whenever the director issues an order or a license under this chapter, the director may impose conditions that are necessary, in the opinion of the director, to carry out the purposes of this chapter.(3) An application filed with the director under this chapter shall be in such a form and contain such information as the director may require.(4) Any change of control of a licensee 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 a licensee or the power to elect or control the election of a majority of the board of directors of the licensee.[ 1994 c 92 § 263; 1989 c 212 § 3.]
WA Rev Code § 31.40.040 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.040 - Licensee—Powers and duties.

RCW 31.40.040 Licensee—Powers and duties.(1) A licensee may participate in the 7(a) loan guaranty program of the small business administration pursuant to section 7(a) of the federal small business investment act of 1958, 15 U.S.C. Sec. 636(a), or any other government program for which the licensee is eligible and which has as its function the provision or facilitation of financing or management assistance to business firms. If a licensee participates in a program referred to in this section, the licensee shall comply with the requirements of that program.(2) A licensee may be incorporated under either the Washington business corporation act or the Washington nonprofit corporation act. In addition to the powers and privileges provided to a licensee by this chapter, a licensee has all the powers and privileges conferred by its incorporating statute which are not inconsistent with or limited by this chapter.[ 1989 c 212 § 4.]
WA Rev Code § 31.40.050 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.050 - License approval.

RCW 31.40.050 License approval.After a review of information regarding the directors, officers, and controlling persons of the applicant for a license, a review of the applicant's business plan, including at least three years of detailed financial projections and other relevant information, and a review of such additional information as is considered relevant by the director, the director shall approve an application for a license if, and only if, the director determines that:(1) The applicant is capitalized in an amount that is not less than five hundred thousand dollars and that such sum is adequate for the applicant to transact business as a nondepository 7(a) lender and that in evaluating the capital position of the applicant the director may consider and include the net worth of any corporate shareholder of the applicant corporation if the shareholder guarantees the liabilities of the applicant: PROVIDED, That such corporate shareholder be subject to the reporting requirements of RCW 31.40.080;(2) Each director, officer, and controlling person of the applicant is of good character and sound financial standing; that the directors and officers of the applicant are competent to perform their functions with respect to the applicant; and that the directors and officers of the applicant are collectively adequate to manage the business of the applicant as a nondepository 7(a) lender;(3) The business plan of the applicant will be honestly and efficiently conducted in accordance with the intent and purposes of this chapter; and(4) The proposed activity possesses a reasonable prospect for success.[ 1994 c 92 § 264; 1989 c 212 § 5.]
WA Rev Code § 31.40.060 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.060 - Prohibited loans—Exception.

RCW 31.40.060 Prohibited loans—Exception.(1) Either by itself or in concert with a director, officer, principal shareholder, or affiliate, or with another licensee, a licensee shall not hold control of a business firm to which it has made a loan under section 7(a) of the federal small business investment act of 1958, 15 U.S.C. Sec. 636(a), except that, to the extent necessary to protect the licensee's interest as creditor of the business firm, a licensee that provides financing assistance to a business firm may acquire and hold control of that business firm. Unless the director approves a longer period, a licensee holding control of a business firm under this section shall divest itself of the interest which constitutes holding control as soon as practicable or within five years after acquiring that interest, whichever is sooner.(2) For the purposes of subsection (1) of this section, "hold control" means alone or in concert with others:(a) Ownership, directly or indirectly, of record or beneficially, of voting securities greater than:(i) For a business firm with outstanding voting securities held by fewer than fifty shareholders, forty percent of the outstanding voting securities;(ii) For a business firm with outstanding voting securities held by fifty or more shareholders, twenty-five percent of the outstanding voting securities;(b) Being able to elect or control the election of a majority of the board of directors.[ 1994 c 92 § 265; 1989 c 212 § 6.]
WA Rev Code § 31.40.070 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.070 - Fees.

RCW 31.40.070 Fees.(1) The director is authorized to charge a fee for the estimated direct and indirect costs of the following:(a) An application for a license and the investigation thereof;(b) An application for approval to acquire control of a licensee and the investigation thereof;(c) An application for approval for a licensee to merge with another corporation, an application for approval for a licensee to purchase all or substantially all of the business of another person, or an application for approval for a licensee to sell all or substantially all of its business or of the business of any of its offices to another licensee and the investigation thereof;(d) An annual license;(e) An examination by the director of a licensee or a subsidiary of a licensee. Excess examiner time shall be billed at a reasonable rate established by rule.(2) A fee for filing an application with the director shall be paid at the time the application is filed with the director.(3) 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 § 9; 1994 c 92 § 266; 1989 c 212 § 7.]NOTES:Effective date—2001 c 177: See note following RCW 43.320.080.Construction—1989 c 212 § 7: "Nothing in section 7 of this act shall be construed to prevent repayment to the general fund of the twenty-five thousand dollar start-up appropriation set forth in section 15 of this act." [ 1989 c 212 § 14.]
WA Rev Code § 31.40.080 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.080 - Records—Reports—Loan loss reserve.

RCW 31.40.080 Records—Reports—Loan loss reserve.(1) A licensee shall keep books, accounts, and other records in such a form and manner as the director may require. These records shall be kept at such a place and shall be preserved for such a length of time as the director may specify.(2) Not more than ninety days after the close of each calendar year or within a period specified by the director, a licensee 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 licensee shall provide for a loan loss reserve sufficient to cover projected loan losses which are not guaranteed by the United States government or any agency thereof.[ 1994 c 92 § 267; 1989 c 212 § 8.]
WA Rev Code § 31.40.090 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.090 - Examination of licensees.

RCW 31.40.090 Examination of licensees.(1) The director shall examine each licensee not less than once every twenty-four months.(2) The director may with or without notice and at any time during regular business hours examine a licensee or a subsidiary of a licensee.(3) A director, officer, or employee of a licensee or of a subsidiary of a licensee being examined by the director or a person having custody of any of the books, accounts, or records of the licensee or of the subsidiary shall otherwise facilitate the examination so far as it is in his or her power to do so.(4) If in the director's opinion it is necessary in the examination of a licensee, or of a subsidiary of a licensee, the director may retain any certified public accountant, attorney, appraiser, or other person to assist the director. The licensee being examined shall pay the fees of a person retained by the director under this subsection.[ 2006 c 87 § 30; 1994 c 92 § 268; 1989 c 212 § 9.]
WA Rev Code § 31.40.100 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.100 - Application denial.

RCW 31.40.100 Application denial.If the director denies an application, the director shall provide the applicant with a written statement explaining the basis for the denial.[ 1994 c 92 § 269; 1989 c 212 § 10.]
WA Rev Code § 31.40.110 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.110 - Rules—Penalties.

RCW 31.40.110 Rules—Penalties.(1) The director shall adopt rules to enforce the intent and purposes of this chapter. Such rules shall include, but need not be limited to, the following:(a) Disclosure of conflicts of interest;(b) Prohibition of false statements made to the director on any form required by the director or during any examination requested by the director; or(c) Prevention of fraud and undue influence by a licensee.(2) A violation of any provision of this chapter or any rule of the director adopted under this chapter by an agent, employee, officer, or director of the licensee shall be punishable by a fine, established by the director, not to exceed one hundred dollars for each offense. Each day's continuance of the violation shall be a separate and distinct offense. Each such fine shall be credited to the financial services regulation fund.[ 2001 c 177 § 10; 1994 c 92 § 270; 1989 c 212 § 11.]NOTES:Effective date—2001 c 177: See note following RCW 43.320.080.
WA Rev Code § 31.40.120 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.120 - Injunction.

RCW 31.40.120 Injunction.If, in the opinion of the director, a person violates or there is reasonable cause to believe that a person is about to violate any provision of this chapter or any rule adopted under this chapter, the director may bring an action in the appropriate court to enjoin the violation or to enforce compliance. Upon a proper showing, a restraining order, preliminary or permanent injunction, shall be granted, and a receiver or a conservator may be appointed for the defendant or the defendant's assets.[ 1994 c 92 § 271; 1989 c 212 § 12.]
WA Rev Code § 31.40.130 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.130 - Penalty—License impairment.

RCW 31.40.130 Penalty—License impairment.The director may deny, suspend, or revoke a license if the applicant or holder violates any provision of this chapter or any rules promulgated pursuant to this chapter.[ 1994 c 92 § 272; 1989 c 212 § 13.]
WA Rev Code § 31.40.135 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.135 - Application of RCW 31.24.230.

RCW 31.40.135 Application of RCW 31.24.230.RCW 31.24.230 (1), (3), and (4) supersede any contrary provision of this chapter.[ 2006 c 87 § 29.]
WA Rev Code § 31.40.900 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.40 - Federally Guaranteed Small Business Loans.|31.40.900 - Severability—1989 c 212.

RCW 31.40.900 Severability—1989 c 212.If any provision of this act or its application to any person or circumstance is held invalid or, if in the written opinion of the small business administration, is contrary to the intent and purposes of the 7(a) loan guaranty program, the director shall not enforce such provision but the remainder of the act or the application of the provision to other persons or circumstances shall not be affected.[ 1994 c 92 § 273; 1989 c 212 § 16.]
WA Rev Code § 31.45.020 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.45 - Check Cashers and Sellers.|31.45.020 - Application of chapter.

RCW 31.45.020 Application of chapter.(1) This chapter does not apply to:(a) Any financial institution or trust company authorized to do business in Washington;(b) The cashing of checks, drafts, or money orders by any person who cashes checks, drafts, or money orders as a convenience, as a minor part of its customary business, and not for profit;(c) The issuance or sale of checks, drafts, or money orders by any corporation, partnership, or association that has a net worth of not less than three million dollars as shown by audited financial statements; and(d) The issuance or sale of checks, drafts, money orders, or other commercial paper serving the same purpose by any agent of a corporation, partnership, or association described in (c) of this subsection.(2) Upon application to the director, the director may exempt a person from any or all provisions of this chapter upon a finding by the director that although not otherwise exempt under this section, the applicant is not primarily engaged in the business of cashing or selling checks and a total or partial exemption would not be detrimental to the public.[ 2003 c 86 § 2; 1994 c 92 § 275; 1991 c 355 § 2.]
WA Rev Code § 31.45.022 (2021)
2021 Revised Code of Washington|Title 31 - Miscellaneous Loan Agencies|Chapter 31.45 - Check Cashers and Sellers.|31.45.022 - Privacy or confidentiality of any information or material—Federal or other state's laws.

RCW 31.45.022 Privacy or confidentiality of any information or material—Federal or other state's laws.(1) The requirements under any federal law or laws of another state regarding the privacy or confidentiality of any information or material provided to the department [of financial institutions], and any privilege arising under federal or state law, including the rules of any federal or state court, with respect to that information or material, continues to apply to the information or material after the information or material has been disclosed to the department [of financial institutions]. If consistent with applicable law, the information and material may be shared with all state and federal regulatory officials without the loss of privilege or the loss of confidentiality protections provided by federal law or state law.(2) When the department [of financial institutions] is a party to a memoranda of understanding or enforcement order issued by the consumer financial protection bureau, the privacy, confidentiality, or privilege accorded to the document by federal law continues to apply even after the memoranda or order has been signed by the director or a designee.(3) Any requirement under chapter 42.56 RCW relating to the disclosure of confidential supervisory information or any information or material described in subsection (1) or (2) of this section that is inconsistent with subsection (1) or (2) of this section is superseded by the requirements of this section.[ 2014 c 36 § 8.]