WASHINGTON ADMINISTRATIVE CODE ARCHIVE

Washington Administrative Code
2022 Archive

Chapter 208-512 WAC

Last Update: 12/1/17

BANKS

(Formerly chapter 50-12 WAC)

PDF of Chapter Digest


WAC Sections
208-512-010	Definitions.
208-512-070	Nonbankable assets.
208-512-080	Purchase or sale of investment securities—Resale or repurchase agreement.
208-512-090	Purchase or sale of investment securities—For customer or institution accounts allowable.
208-512-100	Leasing bank premises—Limitations.
208-512-110	Investment securities—Permissible investments.
208-512-115	Investment securities—Proper management.
208-512-116	Investment securities—Investment in investment companies.
208-512-117	Investment securities—Investments in corporations.
208-512-130	Community Reinvestment Act—Purpose.
208-512-180	Community Reinvestment Act—Limitation on single investment for commercial banks.
208-512-190	Community Reinvestment Act—Investment in qualifying community investments for commercial banks.
208-512-200	Community Reinvestment Act—Consideration of performance in approving and disapproving applications.
208-512-320	Insurance-related activities—Purpose.
208-512-340	Insurance-related activities—General rule.
208-512-350	Insurance-related activities—Exceptions.
208-512-360	Insurance-related activities—Subsidiary.
208-512-370	Insurance-related activities—Enforcement.
208-512-400	Subprime mortgage lending—Purpose of these rules.
208-512-410	Subprime mortgage lending—What is the "guidance"?
208-512-420	Subprime mortgage lending—What does the guidance require of banks, savings banks and savings associations?
208-512-430	Subprime mortgage lending—Is there a list of subjects that banks, savings banks and savings associations must include in their policies and procedures?
208-512-440	Subprime mortgage lending—Where can I read the guidance documents?
208-512-450	Subprime mortgage lending—Why do I need to read the federal guidance documents?
208-512-460	Subprime mortgage lending—What will the division of banks do about compliance with guidance policies and procedures?

DISPOSITION OF SECTIONS FORMERLY CODIFIED IN THIS TITLE


208-512-020	Characterization of "federal fund transactions." [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-020, filed 8/22/00, effective 9/22/00; Order 3, § 50-12-020, filed 12/23/68.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-030	Definitions and characterization of time deposits. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-030, filed 8/22/00, effective 9/22/00; Order 2, § 50-12-030, filed 12/23/68.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-045	Schedule of fees for banks, trust companies, stock savings banks, mutual savings banks, and alien banks. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-045, filed 2/27/01, effective 3/30/01; WSR 00-17-141, amended and recodified as § 208-512-045, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.08.095. WSR 91-18-055, § 50-12-045, filed 8/30/91, effective 9/30/91; WSR 90-12-008, § 50-12-045, filed 5/25/90, effective 6/25/90.] Repealed by WSR 13-23-032, filed 11/13/13, effective 12/14/13. Statutory Authority: RCW 43.320.040, 30.04.030, and 30.04.070.
208-512-050	Limiting loans to officers. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-050, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.12.060. WSR 85-19-052 (Order 62), § 50-12-050, filed 9/13/85; WSR 84-03-036 (Order 58), § 50-12-050, filed 1/13/84; WSR 79-04-042 (Order 40), § 50-12-050, filed 3/23/79; Order 31, § 50-12-050, filed 10/2/75; Order 4, § 50-12-050, filed 5/15/69, effective 6/16/69.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-060	Accounts in excess of one hundred thousand dollars. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-060, filed 8/22/00, effective 9/22/00; Order 29, § 50-12-060, filed 10/2/75; Order 7 and Emergency Order 6, § 50-12-060, filed 1/7/70.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, and 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-120	Promulgation. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-120, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-120, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-140	Definitions. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-140, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-140, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-150	Assessing the record of performance. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-150, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-150, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-160	Rating assignment. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-160, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-160, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-170	Rating for period January 1, 1986 through December 31, 1986. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-170, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. WSR 87-02-010 (Order 66), § 50-12-170, filed 12/30/86.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-210	Promulgation. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-210, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-210, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-220	Purpose. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-220, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-220, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-230	Definitions. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-230, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 88-16-066 (Order 74), § 50-12-230, filed 8/1/88; WSR 87-20-022 (Order 69), § 50-12-230, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-240	General limitations. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-240, filed 2/27/01, effective 3/30/01; WSR 00-17-141, recodified as § 208-512-240, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-240, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-250	General limitation—Loans fully secured by readily marketable collateral. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-250, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.08.140. WSR 87-24-042 (Order 71), § 50-12-250, filed 11/25/87. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-250, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-260	Combining loans to separate borrowers. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-260, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-260, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-270	Loans to corporations. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-270, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-270, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-280	Loans to partnerships, joint ventures, and associations. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-280, filed 2/27/01, effective 3/30/01; WSR 00-17-141, recodified as § 208-512-280, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-280, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-290	Exceptions to the lending limits. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-290, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-290, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-300	Transitional rules. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-300, filed 2/27/01, effective 3/30/01; WSR 00-17-141, recodified as § 208-512-300, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.111. WSR 87-20-022 (Order 69), § 50-12-300, filed 9/30/87.] Repealed by WSR 13-03-037, filed 1/8/13, effective 2/8/13. Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(y)), which takes effect January 21, 2013.
208-512-310	Insurance agency activities—Promulgation. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, amended and recodified as § 208-512-310, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.030. WSR 90-10-074, § 50-12-310, filed 5/2/90, effective 6/2/90.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.
208-512-330	Insurance agency activities—Definitions. [Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-17-141, recodified as § 208-512-330, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.04.030. WSR 90-10-074, § 50-12-330, filed 5/2/90, effective 6/2/90.] Repealed by WSR 17-24-053, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act.