WSR 23-01-145

AGENDA

DEPARTMENT OF

FINANCIAL INSTITUTIONS

[Filed December 21, 2022, 10:14 a.m.]

Semi-Annual Agenda for Rules Under Development

January 1 - June 30, 2023

DIVISION OF CONSUMER SERVICES:


•	Consumer Loan Act. Begin, finalize, and adopt rules under chapter 208-620 WAC to amend the rules to clarify the requirements for the servicing of income share agreements that meet the definition of a student education loan. Also make technical and other changes as may be required by changes to state or federal law.
•	Uniform Money Services Act. Begin, finalize, and adopt rules under chapter 208-690 WAC to amend the rules for money services businesses to add provisions to strengthen consumer protections relating to virtual currency and to conform with the model law developed in part by the Conference of State Bank Supervisors, Non-Depository Supervisory Committee. Also make technical and other changes as may be required by changes to state or federal law.

DIVISION OF SECURITIES:


•	Amendments to small company offering registration (SCOR) rules in chapter 460-17A WAC. The SCOR rules set forth in chapter 460-17A WAC are based on a statement of policy adopted by the North American Securities Administrators Association (NASAA). NASAA amended this statement of policy on May 19, 2019. The securities division plans to amend its related rules in chapter 460-17A WAC to align with the updated NASAA statement of policy.

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Amendments to small company offering registration (SCOR) rules in chapter 460-17A WAC. The SCOR rules set forth in chapter 460-17A WAC are based on a statement of policy adopted by the North American Securities Administrators Association (NASAA). NASAA amended this statement of policy on May 19, 2019. The securities division plans to amend its related rules in chapter 460-17A WAC to align with the updated NASAA statement of policy.