PERMANENT RULES
FINANCIAL INSTITUTIONS
Date of Adoption: April 6, 1999.
Purpose: To repeal chapter 50-16 WAC. Chapter 50-16 WAC is based on RCW 31.04.150 and chapter 31.08 RCW, which were repealed during the 1991 legislative session.
Citation of Existing Rules Affected by this Order: Repealing chapter 50-16 WAC.
Statutory Authority for Adoption: RCW 43.320.010, 43.320.040, 30.04.030.
Adopted under preproposal statement of inquiry filed as WSR 99-04-073 on February 2, 1999.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 0, Repealed 1.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0. Effective Date of Rule: Thirty-one days after filing.
April 6, 1999
John L. Bley
Director
OTS-2804.1
REPEALER
The following chapter of the Washington Administrative Code is repealed:
| WAC 50-16-020 | Recordkeeping--General. |
| WAC 50-16-025 | Allocation of expenses to consumer finance business. |
| WAC 50-16-030 | Books, files and accounting records required. |
| WAC 50-16-035 | Forms. |
| WAC 50-16-040 | Litigation record. |
| WAC 50-16-045 | Loans. |
| WAC 50-16-050 | Computation of charges. |
| WAC 50-16-055 | Rebate of precomputed charges. |
| WAC 50-16-060 | Splitting loans prohibited. |
| WAC 50-16-065 | Statement to borrower--Receipt. |
| WAC 50-16-070 | Advertising. |
| WAC 50-16-075 | Restrictions on insurance. |
| WAC 50-16-080 | Delivery of policy or evidence to borrower--Master policy required. |
| WAC 50-16-085 | Rebate of credit life insurance charge. |
| WAC 50-16-090 | File for official correspondence and reports. |
| WAC 50-16-095 | Knowledge of the law and regulations. |
| WAC 50-16-100 | Hours of business. |
| WAC 50-16-105 | Insufficient funds charge. |