If you cease doing business in Washington you must do the following:
(1) Submit a surrender request through the NMLSR within ten days of closing the company or surrendering the license; and
(2) File the final closure form, annual reports, worksheet, and submit any fees owed as required in WAC 208-620-430
. Failure to file these reports within thirty days of closure will trigger the bond claim process as described in WAC 208-620-430
(3), or other action.
(3) If your license has expired or you are otherwise locked out of the NMLS data base, you must provide the documents described in subsection (2) of this section directly to the department.
Any Washington loans in your portfolio and activity under the act remain subject to the director's authority including investigation and examination, and the fees associated with those activities.
[Statutory Authority: RCW 43.320.040, 31.04.165 and 2010 c 35. 10-20-122, § 208-620-499, filed 10/5/10, effective 11/5/10. Statutory Authority: RCW 43.320.040, 31.04.165, 2009 c 120, and 2009 c 149. 09-24-090, § 208-620-499, filed 12/1/09, effective 1/1/10.]