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Chapter 208-512A WAC

Last Update: 1/8/13

LIMITS ON LOANS AND EXTENSIONS OF CREDIT

WAC Sections

Promulgation of rules.
Findings and purpose.
"Loans and extensions of credit" and "contractual commitment to advance funds"—Defined.
Other general chapter definitions.
Applicability of chapter.
General limitation on loans and extensions of credit.
Exception to general limitation—Loans and extensions of credit fully secured by readily marketable collateral.
Exception to general limitation—Nonconforming loans.
Exception to general limitation—Declining capital—Inability to otherwise effectively operate in marketplace—Director discretion.
Exception to general limitation—Extenuating facts and circumstances—Standards for division determination—Director of banks' discretion.
Renewals and additional advances under a contractual commitment to advance funds—Project funding.
Special rule—Discount of commercial or business paper.
Special rule—Purchase of bankers' acceptances.
Special rule—Readily marketable staples.
Special rule—U.S. bonds, notes, certificates of indebtedness, or treasury bills, etc.
Special rule—Unconditional takeout commitments or guarantees of federal government.
Special rule—Segregated deposit account in lender bank.
Special rule—Sale of bank's assets—Unpaid portion of purchase price.
Special rule—Discount of negotiable or nonnegotiable installment consumer paper.
Combining loans and extensions of credit made to separate persons—Generally.
Loans to partnerships, joint ventures, and associations.
Loans to limited liability companies.
Loans to subsidiaries and corporate groups.
Computation of time—Calculation date of lending limits.
Credit exposure arising from derivative transactions.
Securities financing transactions.
Policies and procedures related to derivative transactions, etc.
Effect of OCC rules, interpretations and opinions as guidance.
Loans and extensions of credit to insiders and their immediate family.
Transitional rules.