RCW 31.40.080
Records—Reports—Loan loss reserve.
(1) A licensee shall keep books, accounts, and other records in such a form and manner as the director may require. These records shall be kept at such a place and shall be preserved for such a length of time as the director may specify.
(2) Not more than ninety days after the close of each calendar year or within a period specified by the director, a licensee shall file with the director a report containing the following:
(a) Financial statements, including the balance sheet, the statement of income or loss, the statement of changes in capital accounts and the statement of changes in financial position; and
(b) Other information that the director may require.
(3) Each licensee shall provide for a loan loss reserve sufficient to cover projected loan losses which are not guaranteed by the United States government or any agency thereof.
[ 1994 c 92 § 267; 1989 c 212 § 8.]
Structure Revised Code of Washington
Title 31 - Miscellaneous Loan Agencies
Chapter 31.40 - Federally Guaranteed Small Business Loans.
31.40.030 - Director—Powers and duties.
31.40.040 - Licensee—Powers and duties.
31.40.060 - Prohibited loans—Exception.
31.40.080 - Records—Reports—Loan loss reserve.
31.40.090 - Examination of licensees.
31.40.100 - Application denial.
31.40.130 - Penalty—License impairment.