WSR 99-08-123

PERMANENT RULES

DEPARTMENT OF

FINANCIAL INSTITUTIONS

[ Filed April 7, 1999, 10:17 a.m. ]

Date of Adoption: April 6, 1999.

Purpose: To repeal chapter 50-16 WAC. Chapter 50-16 WAC is based on RCW 31.04.150 and chapter 31.08 RCW, which were repealed during the 1991 legislative session.

Citation of Existing Rules Affected by this Order: Repealing chapter 50-16 WAC.

Statutory Authority for Adoption: RCW 43.320.010, 43.320.040, 30.04.030.

Adopted under preproposal statement of inquiry filed as WSR 99-04-073 on February 2, 1999.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 0, Repealed 1.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0. Effective Date of Rule: Thirty-one days after filing.

April 6, 1999

John L. Bley

Director

OTS-2804.1


REPEALER
     The following chapter of the Washington Administrative Code is repealed:
WAC 50-16-020Recordkeeping--General.
WAC 50-16-025Allocation of expenses to consumer finance business.
WAC 50-16-030Books, files and accounting records required.
WAC 50-16-035Forms.
WAC 50-16-040Litigation record.
WAC 50-16-045Loans.
WAC 50-16-050Computation of charges.
WAC 50-16-055Rebate of precomputed charges.
WAC 50-16-060Splitting loans prohibited.
WAC 50-16-065Statement to borrower--Receipt.
WAC 50-16-070Advertising.
WAC 50-16-075Restrictions on insurance.
WAC 50-16-080Delivery of policy or evidence to borrower--Master policy required.
WAC 50-16-085Rebate of credit life insurance charge.
WAC 50-16-090File for official correspondence and reports.
WAC 50-16-095Knowledge of the law and regulations.
WAC 50-16-100Hours of business.
WAC 50-16-105Insufficient funds charge.

Washington State Code Reviser's Office