Rules Proposed for Expedited Repeal Meet the Following Criteria: Statute on which the rule was based has been repealed and has not been replaced by another statute providing statutory authority for the rule.

Any person who objects to the repeal of the rule must file a written objection to the repeal within thirty days after publication of this preproposal statement of inquiry.

Address Your Objection to: Jerry Zachary, Director of Banks, Department of Financial Institutions, 210 11th Avenue S.W., Suite 300, P.O. Box 41200, Olympia, WA 98504-1200.

Reason the Expedited Repeal of the Rule is Appropriate: Chapter 50-52 WAC is based on chapter 31.30 RCW, which was repealed during the 1998 legislative session.

June 17, 1998

G. R. Zachary

Assistant Director