WSR 13-16-027

PREPROPOSAL STATEMENT OF INQUIRY

[Filed July 29, 2013, 9:11 a.m.]

Subject of Possible Rule Making: Implement the authority for semi-annual assessments, hourly examination fees, and other charges for work and services of the division of banks, or on its behalf, which have been authorized and also reauthorized by the legislature pursuant to ESHB 1325 (2013 c 76); consolidate all rule making regarding semi-annual assessments, hourly examination fees, and other fees and charges in chapter 208-544 WAC; make technical changes to chapter 208-544 WAC for purposes of clarity (including plain-language amendments and additions).

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 43.320.040, 30.04.030, 30.04.070 (as amended by 2013 c 76 s 2); 2013 c 76 s 32 (repealing RCW 30.08.095). Complies with OFM Guidance 3.a. and e.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The proposed rule making would amend chapter 208-544 WAC to (1) provide for semi-annual assessments of nondepositary [nondepository] trust companies, (2) adjust the hourly examination fee schedule and other charges for all of the division of banks' regulated institutions, (3) establish and/or clarify miscellaneous service charges, and (4) make technical changes for purposes of clarity (including plain-language amendments and additions), and promote equalization as between different types of chartered entities and based on considerations of asset size, examination hours, and services provided. It would consolidate all provisions related to semi-annual assessments, hourly examination fees, and other charges for work and services in a single location in chapter 208-544 WAC.

Process for Developing New Rule: Negotiated rule making.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Ali Higgs, Assistant General Counsel for Banks, Department of Financial Institutions, P.O. Box 41200, Olympia, WA 98504, phone (360) 902-8704, e-mail ali.higgs@dfi.wa.gov.

July 29, 2013

Richard M. Riccobono

Division of Banks Director