WSR 99-02-033




[Filed December 30, 1998, 3:25 p.m.]

Subject of Possible Rule Making: Increasing fees of the Division of Banks (DOB).

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 30.04.030, 30.04.070, 30.08.095, 33.04.025, 43.320.040.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Certain developments have affected the ability of DOB to carry out its statutory mission at current funding levels. As a result, DOB must seek a significant increase in the rate of its fees. Because of the Initiative 601 limits on annual fee increases, DOB cannot reach the necessary revenue level with one fee increase. DOB must implement annual fee increases, up to Initiative 601-permitted limits, over a period of time, in order to reach the necessary revenue level.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

Process for Developing New Rule: Consultation with stakeholders.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Scott Jarvis, Special Assistant to the Director, Department of Financial Institutions, P.O. Box 41200, Olympia, WA 98504-1200, phone (360) 902-8794, fax (360) 704-6994.

December 30, 1998

John L. Bley


Legislature Code Reviser 


Washington State Code Reviser's Office