Is there a bond requirement for my license?
If you sell checks, drafts, or money orders or if you have a small loan endorsement under chapter
31.45 RCW you must obtain and maintain a bond. The bond must run to the benefit of the state and any person or persons who suffer loss as a result of your actions. You must file the bond with the director at the beginning of each calendar year. The bond must be issued by a surety that meets the requirements of chapter
48.28 RCW. The bond form must be acceptable to the director. You may obtain a copy of an acceptable form from the department.
[Statutory Authority: RCW
43.320.040,
31.45.200, and 2009 c 510. WSR 09-24-089, § 208-630-180, filed 12/1/09, effective 1/1/10. Statutory Authority: RCW
31.04.165,
43.320.040,
31.45.030,
31.45.050,
31.45.200. WSR 05-22-009, § 208-630-180, filed 10/21/05, effective 11/21/05.]