Revised Code of Washington
Chapter 43.320 - Department of Financial Institutions.
43.320.007 - Regulatory reform—Findings—Construction—1994 c 256.

RCW 43.320.007
Regulatory reform—Findings—Construction—1994 c 256.

(1) The legislature finds that the financial services industry is experiencing a period of rapid change with the development and delivery of new products and services and advances in technology.
(2) The legislature further finds it in the public interest to strengthen the regulation, supervision, and examination of business entities furnishing financial services to the people of this state and that this can be accomplished by streamlining and focusing regulation to reduce costs, increase effectiveness, and foster efficiency by eliminating requirements that are not necessary for the protection of the public.
(3) The provisions of chapter 256, Laws of 1994 should not be construed to limit the ability of the director of financial institutions to implement prudent regulation, prevent unsafe, unsound, and fraudulent practices, and undertake necessary enforcement actions to protect the public and promote the public interest.

[ 1994 c 256 § 1.]

Structure Revised Code of Washington

Revised Code of Washington

Title 43 - State Government—Executive

Chapter 43.320 - Department of Financial Institutions.

43.320.005 - Finding.

43.320.007 - Regulatory reform—Findings—Construction—1994 c 256.

43.320.010 - Department created.

43.320.011 - Department of general administration and department of licensing powers and duties transferred.

43.320.017 - Collective bargaining agreements.

43.320.020 - Director—Salary—Powers and duties—Examiners, assistants, personnel.

43.320.030 - Director—Qualifications—Conflicts of interest.

43.320.040 - Director's authority to adopt rules.

43.320.045 - Director's duties—Dissemination of information.

43.320.050 - Assistant directors—Divisions—"FDIC" defined.

43.320.060 - Deputization of assistant to exercise powers and duties of director.

43.320.070 - Oath of examiners—Liability for acts performed in good faith.

43.320.080 - Director to maintain office in Olympia—Record of receipts and disbursements—Deposit of funds.

43.320.090 - Borrowing money by director, deputy, or employee—Penalty.

43.320.100 - Annual report—Contents.

43.320.110 - Financial services regulation fund.

43.320.115 - Securities prosecution fund.

43.320.140 - Mortgage lending fraud prosecution account—Created.

43.320.150 - Financial literacy and education programs.

43.320.1501 - Financial literacy—Report to governor and legislature.

43.320.180 - Review of retirement account products proposed for inclusion in the Washington small business retirement marketplace.

43.320.190 - Confidential information—Public records act exemption.

43.320.500 - Financial institution service providers—Definitions.

43.320.510 - Financial institution service providers—Examination.

43.320.520 - Financial institution service providers—Reports of examination from other agencies.

43.320.530 - Financial institution service providers—Confidentiality of reports of examination.

43.320.540 - Financial institution service providers—Examination and information sharing agreements.

43.320.550 - Financial institution service providers—Enforcement.

43.320.560 - Financial institution service providers—Power of director—Rule making.

43.320.900 - Effective date—1993 c 472.