PREPROPOSAL STATEMENT OF INQUIRY
FINANCIAL INSTITUTIONS
(Division of Consumer Services)
Subject of Possible Rule Making: Amending the rules in chapter 208-680A - 208-680G WAC, implementing the Escrow Agent Registration Act, chapter 18.44 RCW.
Statutes Authorizing the Agency to Adopt Rules on this Subject: Chapters 43.320, 18.44 RCW, and chapter 34, Laws of 2010.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The rules must be amended to implement the Laws of 2010, to generally increase clarity and consistency, and to reorganize the chapter to consolidate existing chapters 208-680A - 208-680G WAC into a single chapter to allow ease of use and on-line searching.
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 Elizabeth Hampton, Division of Consumer Services, P.O. Box 41200, Olympia, WA 98504-1200, (360) 902-8786, elizabeth.hampton@dfi.wa.gov, DFI web site www.dfi.wa.gov, listserv subscription.
March 19, 2010
Deborah Bortner, Director
Division of Consumer Services