PERMANENT RULES
FINANCIAL INSTITUTIONS
Purpose: To implement the Uniform Money Services Act, chapter 287, Laws of 2003, chapter 19.230 RCW specifically to facilitate licensing, monitoring, investigation and examination of money services businesses as required by the act. This permanent rule is to replace the emergency rule filed as WSR 04-07-182.
Statutory Authority for Adoption: RCW 19.230.310 and 43.320.040.
Adopted under notice filed as WSR 04-11-110 on May 19, 2004.
Changes Other than Editing from Proposed to Adopted Version: The requirement that money transmitters notify the department of the addition of authorized delegates before those delegates begin operating is removed. The initial license fee is prorated according to the month the license is issued.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 23, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 0, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making: New 22, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0.
Date Adopted: July 7, 2004.
Helen P. Howell
Director
Reviser's note: The material contained in this filing exceeded the page-count limitations of WAC 1-21-040 for appearance in this issue of the Register. It will appear in the 04-16 issue of the Register.