WAC 208-630-240:

WACs > Title 208 > Chapter 208-630 > Section 208-630-240

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208-630-230 << 208-630-240 >> 208-630-250

The penal sum of the surety bond for a person with a check seller license shall not be less than the amount established in the following table:

Highest Monthly Liability*	Required Bond	Plus Percentage of Excess
Up to $50,000	Highest Monthly Liability or $10,000, whichever is greater	$0
$50,001 to $100,000	$50,000	.5 above $50,000
$100,001 and above	$75,000	.25 above $100,000

*	The monthly liability is the total sum of checks for a given month. The "highest monthly liability" shall be determined by multiplying the highest monthly liability of checks from the preceding calendar year by seventy-five percent.

[Statutory Authority: RCW 31.04.165, 43.320.040, 31.45.030, 31.45.050, 31.45.200. WSR 05-22-009, § 208-630-240, filed 10/21/05, effective 11/21/05.]