reglab/statecodes huggingface dataset:
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.084 - Small loan installment plan—Terms—Restrictions.

RCW 31.45.084
Small loan installment plan—Terms—Restrictions.
(1) If a borrower notifies a licensee that the borrower will be or is unable to repay a loan when it is due, the licensee must inform the borrower that the borrower may convert their small loan to an installment plan. The licensee must convert the small loan to an installment plan at the borrower's request. Each agreement for a loan installment plan must be in writing and acknowledged by both the borrower and the licensee. The licensee may not assess any other fee, interest charge, or other charge on the borrower as a result of converting the small loan into an installment plan. This installment plan must provide for the payment of the total of payments due on the small loan over a period not less than ninety days for a loan amount of up to and including four hundred dollars. For a loaned amount over four hundred dollars, the installment plan must be a period not less than one hundred eighty days. The borrower may pay the total of installments at any time. The licensee may not charge any penalty, fee, or charge to the borrower for prepayment of the loan installment plan by the borrower. Each licensee shall conspicuously disclose to each borrower in the small loan agreement or small loan note that the borrower has access to such an installment plan. A licensee's violation of such an installment plan constitutes a violation of this chapter.
(2) The licensee must return any postdated checks that the borrower has given to the licensee for the original small loan at the initiation of the installment plan.
(3) A licensee may take postdated checks for installment plan payments at the time the installment plan is originated. If any check accepted as payment under the installment plan is dishonored, the licensee may not charge the borrower any fee for the dishonored check. If a borrower defaults on the installment plan, the licensee may charge the borrower a one-time installment plan default fee of twenty-five dollars.
(4) If the licensee enters into an installment plan with the borrower through an accredited third party, with certified credit counselors, that is representing the borrower, the licensee's failure to comply with the terms of that installment plan constitutes a violation of this chapter.
[ 2009 c 510 § 4; 2003 c 86 § 12.]
NOTES:
Finding—Intent—Liberal construction—2009 c 510: See note following RCW 31.45.010.
Effective date—2003 c 86 § 12: "Section 12 of this act takes effect October 1, 2003." [ 2003 c 86 § 20.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.085 - Loan application—Required statement—Rules.

RCW 31.45.085
Loan application—Required statement—Rules.
(1)(a) In addition to other disclosures required by this chapter, the application for a small loan must include a statement that is substantially similar to the following: "At the time you repay this loan, you should have sufficient funds to meet your other financial obligations. If you cannot pay other bills because you are paying off this debt, you should go into the installment plan offered in connection with this loan."
(b) The statement in (a) of this subsection must be on the front page of the loan application and must be in at least twelve point type.
(2) The director may adopt rules to implement this section.
[ 2009 c 510 § 5.]
NOTES:
Finding—Intent—Liberal construction—2009 c 510: See note following RCW 31.45.010.
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.086 - Small loans—Right of rescission.

RCW 31.45.086
Small loans—Right of rescission.
A borrower may rescind a loan, on or before the close of business on the next day of business at the location where the loan was originated, by returning the principal in cash or the original check disbursed by the licensee to fund the small loan. The licensee may not charge the borrower for rescinding the loan and shall return to the borrower any postdated check taken as security for the loan or any electronic equivalent. The licensee shall conspicuously disclose to the borrower this right of rescission in writing in the small loan agreement or small loan note.
[ 2003 c 86 § 13.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.088 - Small loans—Disclosure requirements—Advertising—Making loan.

RCW 31.45.088
Small loans—Disclosure requirements—Advertising—Making loan.
(1) When advertising the availability of small loans, if a licensee includes in an advertisement the fee or interest rate charged by the licensee for a small loan, then the licensee shall also disclose the annual percentage rate resulting from this fee or interest rate.
(2) When advertising the availability of small loans, compliance with all applicable state and federal laws and regulations, including the truth in lending act, 15 U.S.C. Sec. 1601 and Regulation Z, 12 C.F.R. Sec. [Part] 226 constitutes compliance with subsection (1) of this section.
(3) When making a small loan, each licensee shall disclose to the borrower the terms of the small loan, including the principal amount of the small loan, the total of payments of the small loan, the fee or interest rate charged by the licensee on the small loan, and the annual percentage rate resulting from this fee or interest rate.
(4) When making a small loan, disclosure of the terms of the small loan in compliance with all applicable state and federal laws and regulations, including the truth in lending act, 15 U.S.C. Sec. 1601 and Regulation Z, 12 C.F.R. Sec. [Part] 226 constitutes compliance with subsection (3) of this section.
[ 2003 c 86 § 14.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.090 - Report requirements—Disclosure of information—Rules.

RCW 31.45.090
Report requirements—Disclosure of information—Rules.
(1) Each licensee shall submit to the director, in a form approved by the director, a report containing financial statements covering the calendar year or, if the licensee has an established fiscal year, then for such fiscal year, within one hundred five days after the close of each calendar or fiscal year. The licensee shall also file such additional relevant information as the director may require. Any information provided by a licensee in an annual report that constitutes a trade secret under chapter 19.108 RCW is exempt from disclosure under chapter 42.56 RCW, unless aggregated with information supplied by other licensees in such a manner that the licensee's individual information is not identifiable. Any information provided by the licensee that allows identification of the licensee may only be used for purposes reasonably related to the regulation of licensees to ensure compliance with this chapter.
(2) A licensee whose license has been suspended or revoked shall submit to the director, at the licensee's expense, within one hundred five days after the effective date of such surrender or revocation, a closing audit report containing audited financial statements as of such effective date for the twelve months ending with such effective date.
(3) The director shall adopt rules specifying the form and content of such audit reports and may require additional reporting as is necessary for the director to ensure compliance with this chapter.
[ 2005 c 274 § 257; 2003 c 86 § 15; 1994 c 92 § 282; 1991 c 355 § 9.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.093 - Information system—Access—Required information—Fees—Rules.

RCW 31.45.093
Information system—Access—Required information—Fees—Rules.
(1) The director must, by contract with a vendor or service provider or otherwise, develop and implement a system by means of which a licensee may determine:
(a) Whether a consumer has an outstanding small loan;
(b) The number of small loans the consumer has outstanding;
(c) Whether the borrower is eligible for a loan under RCW 31.45.073;
(d) Whether the borrower is in an installment plan; and
(e) Any other information necessary to comply with this chapter.
(2) The director may specify the form and contents of the system by rule. Any system must provide that the information entered into or stored by the system is:
(a) Accessible to and usable by licensees and the director from any location in this state; and
(b) Secured against public disclosure, tampering, theft, or unauthorized acquisition or use.
(3) If the system described in subsection (1) of this section is developed and implemented, a licensee making small loans under this chapter must enter or update the required information in subsection (1) of this section at the time that the small loan transaction is conducted by the licensee.
(4) A licensee must continue to enter and update all required information for any loans subject to this chapter that are outstanding or have not yet expired after the date on which the licensee no longer has the license or small loan endorsement required by this chapter. Within ten business days after ceasing to make loans subject to this chapter, the licensee must submit a plan for continuing compliance with this subsection to the director for approval. The director must promptly approve or disapprove the plan and may require the licensee to submit a new or modified plan that ensures compliance with this subsection.
(5) If the system described in subsection (1) of this section is developed and implemented, the director shall adopt rules to set the fees licensees shall pay to the vendor or service provider for the operation and administration of the system and the administration of this chapter by the department.
(6) The director shall adopt rules establishing standards for the retention, archiving, and deletion of information entered into or stored by the system described in subsection (1) of this section.
(7) The information in the system described in subsection (1) of this section is not subject to public inspection or disclosure under chapter 42.56 RCW.
[ 2009 c 510 § 6.]
NOTES:
Finding—Intent—Liberal construction—2009 c 510: See note following RCW 31.45.010.
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.100 - Examination or investigation—Director's authority—Costs.

RCW 31.45.100
Examination or investigation—Director's authority—Costs.
The director or the director's designee may at any time examine and investigate the business and examine the books, accounts, records, and files, or other information, wherever located, of any licensee or person who the director has reason to believe is engaging in the business governed by this chapter. For these purposes, the director or the director's designee may require the attendance of and examine under oath all persons whose testimony may be required about the business or the subject matter of the investigation. The director or the director's designee may require the production of original books, accounts, records, files, or other information, or may make copies of such original books, accounts, records, files, or other information. The director or the director's designee may issue a subpoena or subpoena duces tecum requiring attendance and testimony, or the production of the books, accounts, records, files, or other information. The director shall collect from the licensee the actual cost of the examination or investigation.
[ 2003 c 86 § 16; 1994 c 92 § 283; 1991 c 355 § 10.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.103 - Subpoena authority—Application—Contents—Notice—Fees.

RCW 31.45.103
Subpoena authority—Application—Contents—Notice—Fees.
(1) The director or authorized assistants may apply for and obtain a superior court order approving and authorizing a subpoena in advance of its issuance. The application may be made in the county where the subpoenaed person resides or is found, or the county where the subpoenaed documents, records, or evidence are located, or in Thurston county. The application must:
(a) State that an order is sought under this section;
(b) Adequately specify the documents, records, evidence, or testimony; and
(c) Include a declaration made under oath that an investigation is being conducted for a lawfully authorized purpose related to an investigation within the department's authority and that the subpoenaed documents, records, evidence, or testimony are reasonably related to an investigation within the department's authority.
(2) When an application under this section is made to the satisfaction of the court, the court must issue an order approving the subpoena. An order under this subsection constitutes authority of law for the agency to subpoena the documents, records, evidence, or testimony.
(3) The director or authorized assistants may seek approval and a court may issue an order under this section without prior notice to any person, including the person to whom the subpoena is directed and the person who is the subject of an investigation. An application for court approval is subject to the fee and process set forth in RCW 36.18.012(3).
[ 2011 c 93 § 10.]
NOTES:
Finding—Intent—2011 c 93: See note following RCW 18.44.425.
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.105 - Violations of chapter—Enforceability of transaction.

RCW 31.45.105
Violations of chapter—Enforceability of transaction.
(1) It is a violation of this chapter for any person subject to this chapter to:
(a) Directly or indirectly employ any scheme, device, or artifice to defraud or mislead any borrower, to defraud or mislead any lender, or to defraud or mislead any person;
(b) Directly or indirectly engage in any unfair or deceptive practice toward any person;
(c) Directly or indirectly obtain property by fraud or misrepresentation;
(d) Make a small loan to any person physically located in Washington through use of the internet, facsimile, telephone, kiosk, or other means without first obtaining a small loan endorsement; and
(e) Sell in a retail installment transaction under chapter 63.14 RCW open loop prepaid access (prepaid access as defined in 31 C.F.R. Part 1010.100(ww) and not closed loop prepaid access as defined in 31 C.F.R. Part 1010.100(kkk)).
(2) It is a violation of this chapter for any person subject to this chapter to:
(a) Advertise, print, display, publish, distribute, or broadcast or cause or permit to be advertised, printed, displayed, published, distributed, or broadcast [broadcasted] any statement or representation that is false, misleading, or deceptive, or that omits material information;
(b) Fail to pay the annual assessment by the date and time as specified in RCW 31.45.050;
(c) Fail to pay any other fee, assessment, or moneys due the department.
(3) In addition to any other penalties, any transaction in violation of subsection (1) of this section is uncollectible and unenforceable.
[ 2012 c 17 § 10; 2007 c 81 § 1.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.120 - Violations or unsound practices—Temporary cease and desist order—Director's authority.

RCW 31.45.120
Violations or unsound practices—Temporary cease and desist order—Director's authority.
Whenever the director determines that the acts specified in RCW 31.45.110 or their continuation is likely to cause insolvency or substantial injury to the public, the director may also issue a temporary cease and desist order requiring the licensee to cease and desist from the violation or practice. The order becomes effective upon service upon the licensee and remains effective unless set aside, limited, or suspended by a court under RCW 31.45.130 pending the completion of the administrative proceedings under the notice and until such time as the director dismisses the charges specified in the notice or until the effective date of the cease and desist order issued against the licensee under RCW 31.45.110.
[ 2003 c 86 § 18; 1994 c 92 § 285; 1991 c 355 § 12.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.130 - Temporary cease and desist order—Licensee's application for injunction.

RCW 31.45.130
Temporary cease and desist order—Licensee's application for injunction.
Within ten days after a licensee has been served with a temporary cease and desist order, the licensee may apply to the superior court in the county of its principal place of business for an injunction setting aside, limiting, or suspending the order pending the completion of the administrative proceedings pursuant to the notice served under RCW 31.45.120. The superior court has jurisdiction to issue the injunction.
[ 1991 c 355 § 13.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.140 - Violation of temporary cease and desist order—Director's application for injunction.

RCW 31.45.140
Violation of temporary cease and desist order—Director's application for injunction.
In the case of a violation or threatened violation of a temporary cease and desist order issued under RCW 31.45.120, the director may apply to the superior court of the county of the principal place of business of the licensee for an injunction.
[ 1994 c 92 § 286; 1991 c 355 § 14.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.150 - Licensee's failure to perform obligations—Director's duty.

RCW 31.45.150
Licensee's failure to perform obligations—Director's duty.
Whenever as a result of an examination or report it appears to the director that:
(1) The capital of any licensee is impaired;
(2) Any licensee is conducting its business in such an unsafe or unsound manner as to render its further operations hazardous to the public;
(3) Any licensee has suspended payment of its trust obligations;
(4) Any licensee has refused to submit its books, papers, and affairs to the inspection of the director or the director's examiner;
(5) Any officer of any licensee refuses to be examined under oath regarding the business of the licensee;
(6) Any licensee neglects or refuses to comply with any order of the director made pursuant to this chapter unless the enforcement of such order is restrained in a proceeding brought by such licensee;
the director may immediately take possession of the property and business of the licensee and retain possession until the licensee resumes business or its affairs are finally liquidated as provided in RCW 31.45.160. The licensee may resume business upon such terms as the director may prescribe.
[ 1994 c 92 § 287; 1991 c 355 § 15.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.160 - Director's possession of property and business—Appointment of receiver.

RCW 31.45.160
Director's possession of property and business—Appointment of receiver.
Whenever the director has taken possession of the property and business of a licensee, the director may petition the superior court for the appointment of a receiver to liquidate the affairs of the licensee. During the time that the director retains possession of the property and business of a licensee, the director has the same powers and authority with reference to the licensee as is vested in the director under chapter 31.04 RCW, and the licensee has the same rights to hearings and judicial review as are granted under chapter 31.04 RCW.
[ 1997 c 101 § 4; 1994 c 92 § 288; 1991 c 355 § 16.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.180 - Violation—Misdemeanor.

RCW 31.45.180
Violation—Misdemeanor.
Any person who violates or participates in the violation of any provision of the rules or orders of the director or of this chapter is guilty of a misdemeanor.
[ 1994 c 92 § 290; 1991 c 355 § 18.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.190 - Violation—Consumer protection act—Remedies.

RCW 31.45.190
Violation—Consumer protection act—Remedies.
The legislature finds and declares that any violation of this chapter substantially affects the public interest and is an unfair and deceptive act or practice and an unfair method of competition in the conduct of trade or commerce as set forth in RCW 19.86.020. Remedies available under chapter 19.86 RCW shall not affect any other remedy the injured party may have.
[ 1991 c 355 § 19.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.200 - Director—Broad administrative discretion.

RCW 31.45.200
Director—Broad administrative discretion.
The director has the power, and broad administrative discretion, to administer and interpret the provisions of this chapter to ensure the protection of the public.
[ 1994 c 92 § 291; 1991 c 355 § 20.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.210 - Military borrowers—Licensee's duty—Definition.

RCW 31.45.210
Military borrowers—Licensee's duty—Definition.
(1) A licensee shall:
(a) When collecting any delinquent small loan, not garnish any wages or salary paid for service in the armed forces;
(b) Defer for the duration of the posting all collection activity against a military borrower who has been deployed to a combat or combat support posting for the duration of the posting;
(c) Not contact the military chain of command of a military borrower in an effort to collect a delinquent small loan;
(d) Honor the terms of any repayment agreement between the licensee and any military borrower, including any repayment agreement negotiated through military counselors or third party credit counselors; and
(e) Not make a loan from a specific location to a person that the licensee knows is a military borrower when the military borrower's commander has notified the licensee in writing that the specific location is designated off-limits to military personnel under their command.
(2) For purposes of this section, "military borrower" means any active duty member of the armed forces of the United States, or any member of the national guard or the reserves of the armed forces of the United States who has been called to active duty.
[ 2005 c 256 § 1.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.900 - Effective date, implementation—1991 c 355.

RCW 31.45.900
Effective date, implementation—1991 c 355.
This act shall take effect January 1, 1992. The director shall take such steps as are necessary to ensure that this act is implemented on its effective date.
[ 1994 c 92 § 292; 1991 c 355 § 24.]
2023 Revised Code of Washington › Title 31 - Miscellaneous Loan Agencies › Chapter 31.45 - Check Cashers and Sellers. › 31.45.901 - Effective date—2009 c 510.

RCW 31.45.901
Effective date—2009 c 510.
This act takes effect January 1, 2010.
[ 2009 c 510 § 10.]
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › RCW Dispositions › 32.04 GENERAL PROVISIONS

Sections
32.04.040 Changing place of business.
[1994 c 92 § 295; 1985 c 469 § 16; 1955 c 13 § 32.04.040. Prior: 1915 c 175 § 48; RRS § 3377.]
Repealed by 1994 c 256 § 124; and repealed by 1997 c 101 § 7.
32.04.060 Expenses of operation limited — Not applicable to stock savings banks.
[1994 c 256 § 94; 1981 c 86 § 1; 1977 ex.s. c 171 § 1; 1955 c 13 § 32.04.060. Prior: 1915 c 175 § 44; RRS § 3373.]
Repealed by 1997 c 91 § 1.
32.04.090 Group plan life insurance for officers and employees.
Cross-reference section, decodified June 1986.
32.04.140 Official communications.
Cross-reference section, decodified May 1994.
32.04.160 Secrecy required of supervisor.
Cross-reference section, decodified.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › RCW Dispositions › 32.08 ORGANIZATION AND POWERS

Sections
32.08.146 Additional powers — Powers and authorities granted to federal mutual savings banks after July 27, 2003 — Restrictions.
[2003 c 24 § 8; 1999 c 14 § 19; 1996 c 2 § 25; 1994 c 256 § 99.]
Repealed by 2013 c 76 § 32.
32.08.155 Additional powers — Powers and authorities conferred upon national banks after July 27, 2003 — Restrictions.
[2003 c 24 § 5.]
Repealed by 2013 c 76 § 32.
32.08.1551 Powers and authorities of national banks after July 27, 2003 — Director's finding necessary.
[2010 c 88 § 50.]
Repealed by 2013 c 76 § 32.
32.08.200 May act as trustee for crop credit notes.
Cross-reference section, decodified September 1999.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › RCW Dispositions › 32.12 DEPOSITS — EARNINGS — DIVIDENDS — INTEREST

Sections
32.12.030 Deposits of minors, in trust, of joint tenants.
[1963 c 176 § 4; 1961 c 280 § 7; 1955 c 13 § 32.12.030. Prior: 1929 c 123 § 2; 1915 c 175 § 19; RRS § 3348.]
Repealed by 1981 c 192 § 33, effective July 1, 1982.
32.12.060 Bad debts — Uncollected judgments.
[1994 c 92 § 326; 1955 c 13 § 32.12.060. Prior: 1931 c 132 § 1; RRS § 3354a.]
Repealed by 1994 c 256 § 124; and repealed by 1997 c 101 § 7.
32.12.100 Deposits or investments of public funds.
[1965 c 111 § 3; 1963 c 176 § 11.]
Repealed by 1983 c 66 § 23.
32.12.110 Payment to foreign executor or administrator — Form, publication of notice of application by such executor or administrator — Payment in lieu to domestic executor or administrator — Consent of department of revenue.
[1975 1st ex.s. c 278 § 20; 1963 c 176 § 12. Cf. 1961 c 280 § 5; RCW 30.20.100.]
Repealed by 1981 c 192 § 33, effective July 1, 1982.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › RCW Dispositions › 32.32 CONVERSION OF MUTUAL SAVINGS BANK TO CAPITAL STOCK SAVINGS BANK

Sections
32.32.510 Interest on deposits — Determination.
[1981 c 85 § 101.]
Repealed by 1994 c 256 § 124.
32.32.900 Severability-1981 c 85.
[1981 c 85 § 107.]
Decodified by the code reviser, July 2016.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.002 - Short title.

RCW 32.04.002
Short title.
This title may be known and cited as the Washington savings bank act.
[ 2014 c 37 § 501.]
NOTES:
Legislative declarations—Effective date—2014 c 37: See RCW 30A.04.005 and 30A.04.902.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.010 - Scope of title.

RCW 32.04.010
Scope of title.
This title shall not be construed as amending or repealing any other law of the state authorizing the incorporation of banks or regulating the same, but shall be deemed to be additional legislation for the sole purpose of authorizing the incorporation and operation of mutual savings banks and mutual savings banks converted under chapter 32.32 RCW to stock form, as herein prescribed. Savings banks incorporated on the stock plan, other than converted mutual savings banks, and other stock banks having savings departments as authorized by *RCW 30.20.060, or by any other law of the state heretofore or hereafter enacted, shall not be in any manner affected by the provisions of this title, or any amendment thereto.
[ 1981 c 85 § 105; 1955 c 13 § 32.04.010. Prior: 1915 c 175 § 52; RRS § 3381.]
NOTES:
*Reviser's note: RCW 30.20.060 was recodified as RCW 30A.20.060 pursuant to 2014 c 37 § 4, effective January 5, 2015.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.012 - Limits on loans and extensions of credit.

RCW 32.04.012
Limits on loans and extensions of credit.
Notwithstanding any other provisions of this title, a savings bank is subject to the same limits on loans and extensions of credit, and exceptions thereto, as set forth in *RCW 30.04.111.
[ 2013 c 76 § 23.]
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.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.015 - Duty to comply—Violations—Penalty.

RCW 32.04.015
Duty to comply—Violations—Penalty.
(1) Each savings bank and its directors, officers, employees, and agents, shall comply with:
(a) This title and chapter 11.100 RCW as applicable to each of them;
(b) The rules adopted by the department with respect to savings banks;
(c) Any lawful direction or order of the director;
(d) Any lawful supervisory agreement with the director; and
(e) The applicable statutes, rules, and regulations administered by the board of governors of the federal reserve system, the federal office of thrift supervision, and the federal deposit insurance corporation with respect to savings banks and holding companies.
(2) Each holding company, and its directors, officers, employees, and agents, shall comply with:
(a) The provisions of this title that are applicable to each of them;
(b) The rules of the department that are applicable with respect to holding companies;
(c) Any lawful direction or order of the director;
(d) Any lawful supervisory agreement with the director; and
(e) The applicable statutes, rules, and regulations administered by the board of governors of the federal reserve system or the federal office of thrift supervision, or applicable successor agency, with respect to holding companies, the violation of which would result in an unsafe and unsound practice or material violation of law with respect to the subsidiary savings bank of the holding company.
(3) The violation of any supervisory agreement, directive, order, statute, rule, or regulation referenced in this section, in addition to any other penalty provided in this title, shall, at the option of the director, subject the offender to a penalty of up to ten thousand dollars for each offense, payable upon issuance of any order or directive of the director, which may be recovered by the attorney general in a civil action in the name of the department.
[ 2010 c 88 § 39.]
NOTES:
Effective date—2010 c 88: See RCW 32.50.900.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.020 - Definitions.

RCW 32.04.020
Definitions.
Unless the context clearly requires otherwise, the definitions in this section apply throughout this title.
(1) "Adequately capitalized," "critically undercapitalized," "significantly undercapitalized," "undercapitalized," and "well-capitalized," respectively, have meanings consistent with the definitions these same terms have under the prompt corrective action provisions of the federal deposit insurance act, 12 U.S.C. Sec. 1831o, or any successor federal statute, and applicable enabling rules of the federal deposit insurance corporation.
(2) "Bank holding company" means a bank holding company under authority of the federal bank holding company act.
(3) "Branch" means an established office or facility other than the principal office, at which employees of the savings bank take deposits. "Branch" does not mean a machine permitting customers to leave funds in storage or communicate with savings bank employees who are not located at the site of that machine, unless employees of the savings bank at the site of that machine take deposits on a regular basis. An office of an entity other than the savings bank is not established by the savings bank, regardless of any affiliation, accommodation arrangement, or other relationship between the other entity and the savings bank.
(4) "Department" means the Washington state department of financial institutions.
(5)"Director" means the director of the department.
(6) "Financial holding company" means a financial services holding company under the authority of the federal bank holding company act.
(7) "Holding company" means a bank holding company, financial holding company, or thrift holding company of a savings bank organized under chapter 32.08 RCW, converted from a mutual savings bank to a stock savings bank under chapter 32.32 RCW, or converted to a state savings bank under chapter 32.34 RCW.
(8) "Mutual savings" when used as part of a name under which business of any kind is or may be transacted by any person, firm, or corporation, except such as were organized and in actual operation on June 9, 1915, or as may be thereafter operated under the requirements of this title is hereby prohibited.
(9) "Savings bank" or "mutual savings bank" means savings banks organized under chapter 32.08 or 32.35 RCW or converted under chapter 32.32 or 33.44 RCW.
(10) "Thrift holding company" means a thrift institution holding company under authority of laws and rules administered by the federal office of thrift supervision, or its successor agency.
[ 2010 c 88 § 38; 1999 c 14 § 13; 1997 c 101 § 5; 1996 c 2 § 20; 1994 c 92 § 293; 1985 c 56 § 1; 1981 c 85 § 106; 1955 c 13 § 32.04.020. Prior: 1915 c 175 § 49; RRS § 3378.]
NOTES:
Effective date—2010 c 88: See RCW 32.50.900.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.025 - Powers as to horizontal property regimes or condominiums.

RCW 32.04.025
Powers as to horizontal property regimes or condominiums.
The words "real estate" and "real property" as used in this title shall include apartments or other portions, however designated, of horizontal property regimes, or a condominium interest in property, as may be created under any laws now in existence or hereafter enacted. A mutual savings bank may do any act necessary or appropriate in connection with its interest in or ownership of any portion of a horizontal property regime or condominium.
[ 1963 c 176 § 10.]
NOTES:
Horizontal property regimes: Chapter 64.32 RCW.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.035 - Agency agreements—Written notice to director.

RCW 32.04.035
Agency agreements—Written notice to director.
On or before the date on which a mutual savings bank enters into any agency agreement authorizing another entity, as agent of the mutual savings bank, to receive deposits or renew time deposits, the mutual savings bank shall give written notice to the director of the existence of the agency agreement. The notice is not effective until it has been delivered to the office of the director.
[ 1996 c 2 § 22.]
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.050 - Reports.

RCW 32.04.050
Reports.
A savings bank shall render to the director, in such form as he or she shall prescribe, at least three regular reports each year exhibiting its resources and liabilities as of such dates as the director shall designate, which shall be the dates designated by the comptroller of the currency of the United States for reports of national banking associations. Every such report, in a condensed form to be prescribed by the director, shall be published once in a newspaper of general circulation, published in the place where the bank is located. A savings bank shall also make such special reports as the director shall call for. A regular report shall be filed with the director within thirty days and proof of the publication thereof within forty days from the date of the issuance of the call for the report. A special report shall be filed within such time as the director shall indicate in the call therefor. A savings bank that fails to file within the prescribed time any report required by this section or proof of the publication of any report required to be published shall be subject to a penalty to the state of fifty dollars for each day's delay, recoverable by a civil action brought by the attorney general in the name of the state.
[ 1994 c 92 § 296; 1977 ex.s. c 241 § 1; 1955 c 13 § 32.04.050. Prior: 1925 ex.s. c 86 § 13; 1915 c 175 § 39; RRS § 3368a.]
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.070 - Certified copies of records as evidence.

RCW 32.04.070
Certified copies of records as evidence.
Copies from the records, books, and accounts of a savings bank and its holding company shall be competent evidence in all cases, equal with originals thereof, if there is annexed to such copies an affidavit taken before a notary public or clerk of a court under seal, stating that the affiant is the officer of the savings bank or holding company having charge of the original records, and that the copy is true and correct and is full so far as the same relates to the subject matter therein mentioned.
[ 2010 c 88 § 40; 1955 c 13 § 32.04.070. Prior: 1915 c 175 § 47; RRS § 3376.]
NOTES:
Effective date—2010 c 88: See RCW 32.50.900.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.080 - Employees' pension, retirement, or health insurance benefits—Payment.

RCW 32.04.080
Employees' pension, retirement, or health insurance benefits—Payment.
A mutual savings bank may provide for pensions or retirement benefits for its disabled or superannuated employees or health insurance benefits for its employees and may pay a part or all of the cost of providing such pensions or benefits in accordance with a plan adopted by its board of trustees or a board committee, none of whose members is an officer of the bank. The board of trustees of a savings bank or such a committee of the board may set aside from current earnings reserves in such amounts as the board or the committee shall deem wise to provide for the payment of future pensions or benefits.
[ 1999 c 14 § 14. Prior: 1994 c 256 § 95; 1994 c 92 § 297; 1955 c 80 § 2; 1955 c 13 § 32.04.080; prior: 1949 c 119 § 1; 1937 c 64 § 2; 1935 c 87 § 1; Rem. Supp. 1949 § 3366-1.]
NOTES:
Findings—Construction—1994 c 256: See RCW 43.320.007.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.082 - Pension, retirement, or health insurance benefits—Waiver by bank of offsets attributable to social security.

RCW 32.04.082
Pension, retirement, or health insurance benefits—Waiver by bank of offsets attributable to social security.
With respect to pension payments or retirement or health insurance benefits payable by a mutual savings bank to any employee heretofore or hereafter retired, such bank may waive all or any part of any offsets thereto attributable to social security benefits receivable by such employee.
[ 1999 c 14 § 15; 1957 c 80 § 7.]
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.085 - Pension, retirement, or health insurance benefits—Supplementation.

RCW 32.04.085
Pension, retirement, or health insurance benefits—Supplementation.
Any pension payment or retirement or health insurance benefits payable by a mutual savings bank to a former officer or employee, or to a person or persons entitled thereto by virtue of service performed by such officer or employee, in the discretion of a majority of all the trustees of such bank, may be supplemented from time to time. The board of trustees of a savings bank or a board committee, none of whose members is an officer of the bank, may set aside from current earnings, reserves in such amounts as the board or the committee shall deem appropriate to provide for the payments of future supplemental payments.
[ 1999 c 14 § 16. Prior: 1994 c 256 § 96; 1994 c 92 § 298; 1971 ex.s. c 222 § 1.]
NOTES:
Findings—Construction—1994 c 256: See RCW 43.320.007.
Severability—1971 ex.s. c 222: "If any provision of this 1971 amendatory 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." [ 1971 ex.s. c 222 § 9.]
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.100 - Penalty for falsification.

RCW 32.04.100
Penalty for falsification.
Every person who knowingly subscribes to or makes or causes to be made any false statement or false entry in the books of any savings bank or its holding company, or knowingly subscribes to or exhibits any false or fictitious security, document or paper, with the intent to deceive any person authorized to examine into the affairs of any savings bank or its holding company, or makes or publishes any false statement of the amount of the assets or liabilities of any such savings bank or its holding company is guilty of a class B felony punishable according to chapter 9A.20 RCW.
[ 2010 c 88 § 41; 2003 c 53 § 194; 1955 c 13 § 32.04.100. Prior: 1931 c 132 § 11; RRS § 3379b.]
NOTES:
Effective date—2010 c 88: See RCW 32.50.900.
Intent—Effective date—2003 c 53: See notes following RCW 2.48.180.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.110 - Penalty for concealing or destroying evidence.

RCW 32.04.110
Penalty for concealing or destroying evidence.
Every board trustee or director, officer, employee, or agent of any savings bank or its holding company who for the purpose of concealing any fact suppresses any evidence against himself or herself, or against any other person, or who abstracts, removes, mutilates, destroys, or secretes any paper, book, or record of any savings bank or its holding company, or of the director, or anyone connected with his or her office is guilty of a class B felony punishable according to chapter 9A.20 RCW.
[ 2010 c 88 § 42; 2003 c 53 § 195; 1994 c 92 § 299; 1955 c 13 § 32.04.110. Prior: 1931 c 132 § 12; RRS § 3379c.]
NOTES:
Effective date—2010 c 88: See RCW 32.50.900.
Intent—Effective date—2003 c 53: See notes following RCW 2.48.180.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.120 - Specific penalties invoked.

RCW 32.04.120
Specific penalties invoked.
The provisions of RCW 9.24.050, 9.24.040 and 9.24.030 shall apply to the corporations authorized under this title.
[ 1955 c 13 § 32.04.120. Prior: 1915 c 175 § 50; RRS § 3379.]
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.130 - General penalty.

RCW 32.04.130
General penalty.
Any person who does anything forbidden by chapter 32.04, 32.08, 32.12, 32.16 or 32.24 RCW of this title for which a penalty is not provided in this title, or in some other law of the state, shall be guilty of a gross misdemeanor and be punished accordingly.
[ 1955 c 13 § 32.04.130. Prior: 1915 c 175 § 51; RRS § 3380.]
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.211 - Examinations directed—Cooperative agreements and actions.

RCW 32.04.211
Examinations directed—Cooperative agreements and actions.
(1) The director, assistant director, or an examiner shall visit each savings bank at least once every eighteen months, and oftener if necessary, or as otherwise required by the rules and interpretations of applicable federal banking examination authorities, for the purpose of making a full investigation into the condition of such corporation, and for that purpose they are hereby empowered to administer oaths and to examine under oath any director, officer, employee, or agent of such corporation.
(2) The director may make such other full or partial examinations as deemed necessary and may examine any holding company that owns any portion of a savings bank chartered by the state of Washington and obtain reports of condition for any holding company that owns any portion of a savings bank chartered by the state of Washington.
(3) The director may visit and examine into the affairs of any nonpublicly held corporation in which the savings bank or its holding company has an investment or any publicly held corporation the capital stock of which is controlled by the savings bank or its holding company; may appraise and revalue such corporations' investments and securities; and shall have full access to all the books, records, papers, securities, correspondence, bank accounts, and other papers of such corporations for such purposes.
(4) Any willful false swearing in any examination is perjury in the second degree.
(5) The director may enter into cooperative and reciprocal agreements with the bank regulatory authorities of the United States, any state, the District of Columbia, or any trust territory of the United States for the periodic examination of domestic savings banks or holding companies owning banking institutions in other states, the District of Columbia, or trust territories, and subsidiaries of such domestic savings banks and holding companies, or of out-of-state holding companies owning a savings bank the principal operations of which are conducted in this state.
(6) The director may, in his or her discretion, accept in lieu of the examinations required in this section the examinations and reports conducted, as applicable, at the direction of the board of governors of the federal reserve system, the federal office of thrift supervision, the federal deposit insurance corporation, any successor federal thrift regulator or thrift holding company regulator, or other authorities, domestic, foreign, or alien.
(7) The director may enter into joint actions with other regulatory bodies having concurrent jurisdiction or may enter into such actions independently to carry out his or her responsibilities under this title and assure compliance with the laws of this state.
[ 2010 c 88 § 43; 1994 c 92 § 300; 1989 c 180 § 4.]
NOTES:
Effective date—2010 c 88: See RCW 32.50.900.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.260 - Temporary cease and desist orders—Reasons for issuance.

RCW 32.04.260
Temporary cease and desist orders—Reasons for issuance.
(1) The director may also issue a temporary order requiring a savings bank or its holding company, or both, to cease and desist from any action or omission, as specified in RCW 32.04.250, or its continuation, which the director has determined:
(a) Constitutes an unsafe and unsound practice, or a material violation of RCW 32.04.015 affecting the savings bank;
(b) Has resulted in the savings bank being less than adequately capitalized; or
(c) Is likely to cause insolvency or substantial dissipation of assets or earnings of the savings bank, or to otherwise seriously prejudice the interests of the savings bank's depositors.
(2) The order is effective upon service on the savings bank or holding company, and remains effective unless set aside, limited, or suspended by the superior court in proceedings under RCW 32.04.270 pending the completion of the administrative proceedings under the notice and until such time as the director dismisses the charges specified in the notice or until the effective date of a cease and desist order issued against the savings bank or holding company under RCW 32.04.250.
[ 2010 c 88 § 46; 1994 c 92 § 303; 1979 c 46 § 2.]
NOTES:
Effective date—2010 c 88: See RCW 32.50.900.
Severability—1979 c 46: See note following RCW 32.04.250.
2023 Revised Code of Washington › Title 32 - Washington Savings Bank Act › Chapter 32.04 - General Provisions. › 32.04.270 - Temporary cease and desist order—Injunction to set aside, limit, or suspend temporary order.

RCW 32.04.270
Temporary cease and desist order—Injunction to set aside, limit, or suspend temporary order.
(1) Within ten days after a savings bank or holding company has been served with a temporary cease and desist order, the savings bank or holding company may apply to the superior court in the county of its principal place of business for an injunction setting aside, limiting, or suspending the order pending the completion of the administrative proceedings pursuant to the notice served under RCW 32.04.250.
(2) The superior court shall have jurisdiction to issue the injunction.
[ 2010 c 88 § 47; 1979 c 46 § 3.]
NOTES:
Effective date—2010 c 88: See RCW 32.50.900.
Severability—1979 c 46: See note following RCW 32.04.250.