S-3495.1 _______________________________________________
SENATE BILL 6348
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State of Washington 52nd Legislature 1992 Regular Session
By Senators von Reichbauer, Vognild and Sellar
Read first time 01/27/92. Referred to Committee on Financial Institutions & Insurance.
AN ACT Relating to reimbursement for producing financial institutions records; adding a new section to chapter 30.04 RCW; adding a new section to chapter 31.04 RCW; adding a new section to chapter 31.12 RCW; adding a new section to chapter 32.04 RCW; and adding a new section to chapter 33.04 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter 30.04 RCW to read as follows:
A bank or trust company that has received a judicial or administrative subpoena, summons, or any other request for the production of its records is entitled to receive from the requesting party reimbursement for its cost of producing the records. The requesting party shall pay the reimbursement before the bank or trust company is obligated to produce the records.
NEW SECTION. Sec. 2. A new section is added to chapter 31.04 RCW to read as follows:
A licensee that has received a judicial or administrative subpoena, summons, or any other request for the production of its records is entitled to receive from the requesting party reimbursement for its cost of producing the records. The requesting party shall pay the reimbursement before the licensee is obligated to produce the records.
NEW SECTION. Sec. 3. A new section is added to chapter 31.12 RCW to read as follows:
A credit union that has received a judicial or administrative subpoena, summons, or any other request for the production of its records is entitled to receive from the requesting party reimbursement for its cost of producing the records. The requesting party shall pay the reimbursement before the credit union is obligated to produce the records.
NEW SECTION. Sec. 4. A new section is added to chapter 32.04 RCW to read as follows:
A mutual savings bank that has received a judicial or administrative subpoena, summons, or any other request for the production of its records is entitled to receive from the requesting party reimbursement for its cost of producing the records. The requesting party shall pay the reimbursement before the mutual savings bank is obligated to produce the records.
NEW SECTION. Sec. 5. A new section is added to chapter 33.04 RCW to read as follows:
A savings and loan association that has received a judicial or administrative subpoena, summons, or any other request for the production of its records is entitled to receive from the requesting party reimbursement for its cost of producing the records. The requesting party shall pay the reimbursement before the savings and loan association is obligated to produce the records.