Last Update: 12/1/17

Chapter 208-512 WAC

BANKS

WAC Sections

Definitions.
Nonbankable assets.
Purchase or sale of investment securitiesResale or repurchase agreement.
Purchase or sale of investment securitiesFor customer or institution accounts allowable.
Leasing bank premises—Limitations.
Investment securities—Permissible investments.
Investment securities—Proper management.
Investment securities—Investment in investment companies.
Investment securitiesInvestments in corporations.
Community Reinvestment ActPurpose.
Community Reinvestment ActLimitation on single investment for commercial banks.
Community Reinvestment ActInvestment in qualifying community investments for commercial banks.
Community Reinvestment ActConsideration of performance in approving and disapproving applications.
Insurance-related activitiesPurpose.
Insurance-related activitiesGeneral rule.
Insurance-related activitiesExceptions.
Insurance-related activitiesSubsidiary.
Insurance-related activitiesEnforcement.
Subprime mortgage lendingPurpose of these rules.
Subprime mortgage lendingWhat is the "guidance"?
Subprime mortgage lendingWhat does the guidance require of banks, savings banks and savings associations?
Subprime mortgage lendingIs there a list of subjects that banks, savings banks and savings associations must include in their policies and procedures?
Subprime mortgage lendingWhere can I read the guidance documents?
Subprime mortgage lendingWhy do I need to read the federal guidance documents?
Subprime mortgage lendingWhat will the division of banks do about compliance with guidance policies and procedures?
DISPOSITION OF SECTIONS FORMERLY CODIFIED IN THIS CHAPTER
208-512-020
Characterization of "federal fund transactions." [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-020, filed 8/22/00, effective 9/22/00; Order 3, § 50-12-020, filed 12/23/68.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-030
Definitions and characterization of time deposits. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-030, filed 8/22/00, effective 9/22/00; Order 2, § 50-12-030, filed 12/23/68.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-045
Schedule of fees for banks, trust companies, stock savings banks, mutual savings banks, and alien banks. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-045, filed 2/27/01, effective 3/30/01; WSR 00-17-141, amended and recodified as § 208-512-045, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.08.095. WSR 91-18-055, § 50-12-045, filed 8/30/91, effective 9/30/91; WSR 90-12-008, § 50-12-045, filed 5/25/90, effective 6/25/90.] Repealed by WSR 13-23-032, filed 11/13/13, effective 12/14/13. Statutory Authority: RCW 43.320.040, 30.04.030, and 30.04.070.
208-512-050
Limiting loans to officers. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-050, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.12.060. WSR 85-19-052 (Order 62), § 50-12-050, filed 9/13/85; WSR 84-03-036 (Order 58), § 50-12-050, filed 1/13/84; WSR 79-04-042 (Order 40), § 50-12-050, filed 3/23/79; Order 31, § 50-12-050, filed 10/2/75; Order 4, § 50-12-050, filed 5/15/69, effective 6/16/69.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-060
Accounts in excess of one hundred thousand dollars. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-060, filed 8/22/00, effective 9/22/00; Order 29, § 50-12-060, filed 10/2/75; Order 7 and Emergency Order 6, § 50-12-060, filed 1/7/70.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, and 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-120
Promulgation. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-120, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-120, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-140
Definitions. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-140, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-140, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-150
Assessing the record of performance. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-150, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-150, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-160
Rating assignment. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-160, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-160, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-170
Rating for period January 1, 1986 through December 31, 1986. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-170, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-170, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-210
Promulgation. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-210, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-210, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-220
Purpose. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-220, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-220, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-230
Definitions. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-230, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 88-16-066 (Order 74), § 50-12-230, filed 8/1/88; WSR 87-20-022 (Order 69), § 50-12-230, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-240
General limitations. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-240, filed 2/27/01, effective 3/30/01; WSR 00-17-141, recodified as § 208-512-240, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-240, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-250
General limitation—Loans fully secured by readily marketable collateral. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-250, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.08.140. WSR 87-24-042 (Order 71), § 50-12-250, filed 11/25/87. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-250, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-260
Combining loans to separate borrowers. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-260, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-260, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-270
Loans to corporations. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-270, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-270, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-280
Loans to partnerships, joint ventures, and associations. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-280, filed 2/27/01, effective 3/30/01; WSR 00-17-141, recodified as § 208-512-280, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-280, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-290
Exceptions to the lending limits. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-290, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-290, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-300
Transitional rules. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-300, filed 2/27/01, effective 3/30/01; WSR 00-17-141, recodified as § 208-512-300, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-300, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-310
Insurance agency activities—Promulgation. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-310, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.030. WSR 90-10-074, § 50-12-310, filed 5/2/90, effective 6/2/90.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-330
Insurance agency activities—Definitions. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-330, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.030. WSR 90-10-074, § 50-12-330, filed 5/2/90, effective 6/2/90.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
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