RCW 32.08.225
Sale, purchase, etc., of interest rate exchange agreements, loans, or interests therein.
Any mutual savings bank may through any device sell, purchase, exchange, issue evidence of a sale or exchange of, or in any manner deal in any form of sale or exchange of interest rate exchange agreements, loans, or any interest therein including but not being limited to mortgage pass-through issues, mortgage backed bond issues, and loan participations and may purchase a subordinated portion thereof, issue letters of credit to insure against losses on a portion thereof, agree to repurchase all or a portion thereof, guarantee all or a portion of the payments thereof, and without any implied limitation by the foregoing or otherwise, do any and all things necessary or convenient to take part in or effectuate any such sales or exchanges by a mutual savings bank itself or by a subsidiary thereof.
[ 1985 c 56 § 5; 1981 c 86 § 12.]
NOTES:
Severability—1981 c 86: See note following RCW 32.08.140.
Structure Revised Code of Washington
Title 32 - Washington Savings Bank Act
Chapter 32.08 - Organization and Powers.
32.08.010 - Authority to organize—Incorporators—Certificate.
32.08.020 - Notice of intention.
32.08.030 - Submission of certificate—Proof of service of notice.
32.08.040 - Examination and action by director.
32.08.050 - Appeal from adverse decision.
32.08.060 - Procedure upon approval.
32.08.061 - Extension of period of existence—Procedure.
32.08.070 - Authorization certificate.
32.08.080 - Conditions precedent to reception of deposits.
32.08.090 - Expense fund—Agreement to contribute further—Security.
32.08.110 - Guaranty fund—Purpose.
32.08.115 - Guaranty fund—Payment of interest and dividends—Legislative declaration.
32.08.116 - Guaranty fund—Payment of interest and dividends—When authorized.
32.08.120 - Guaranty fund—Replenishment—Dividends.
32.08.130 - Reimbursement fund.
32.08.145 - Safe deposit companies.
32.08.148 - Operation of branch outside Washington—Powers and authorities.
32.08.150 - Certificates of deposit.
32.08.157 - Additional powers—Powers and authorities of banks.
32.08.160 - Writing of fire insurance restricted.
32.08.170 - Effect of failure to organize or commence business.
32.08.180 - Extension of existence.
32.08.190 - May borrow from home loan bank.
32.08.225 - Sale, purchase, etc., of interest rate exchange agreements, loans, or interests therein.