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WAC 460-33A-025

Contents of the general offering circular.

(1) The general offering circular shall be in a format prescribed by the director and shall include all information required by the format.
(2) The general offering circular shall set forth the minimum suitability standards for investors as provided in WAC 460-33A-031.
(3) The general offering circular must state that purchases of mortgage paper securities may be made only by check payable to the mortgage broker-dealer's escrow account.
(4) The general offering circular shall disclose the risks to investors of holding a high concentration of their investment portfolio in mortgage paper securities.
[Statutory Authority: RCW 21.20.450. WSR 01-23-002, § 460-33A-025, filed 11/7/01, effective 12/8/01. Statutory Authority: RCW 21.20.045. WSR 92-18-009, § 460-33A-025, filed 8/21/92, effective 9/21/92. Statutory Authority: RCW 21.20.450. WSR 86-21-107 (Order SDO-140-86), § 460-33A-025, filed 10/20/86; WSR 83-03-025 (Order SDO-7-83), § 460-33A-025, filed 1/13/83.]
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