RCW 43.320.510
Financial institution service providers—Examination.
(1) A service provider that provides a covered service, by contract or otherwise, to a covered financial institution, is subject to examination by the director to the same extent as if the covered service was performed by the covered financial institution itself.
(2) The director may, in the director's discretion, examine any service provider under RCW 43.320.500 through 43.320.560; provided that prior to any state-only examination, the director must find that:
(a) The information sought cannot be otherwise accessed or verified by the records of the covered financial institution without direct examination of the records of the service provider;
(b) The service provider manages an application, process, or system for the benefit of the covered financial institution, the integrity of which cannot be evaluated without direct examination; or
(c) An act or omission of the service provider sought to be examined has resulted in a significant heightened risk, is committing an unsafe and unsound practice, operating in an unsafe or unsound manner, or is otherwise violating a provision of Title 30A, 32, or 33 RCW, or other applicable law.
[ 2022 c 49 § 2.]
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.320 - Department of Financial Institutions.
43.320.007 - Regulatory reform—Findings—Construction—1994 c 256.
43.320.010 - Department created.
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.
43.320.090 - 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.
43.320.190 - 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.