Washington § 31.40.080 Records—Reports—Loan loss reserve.

Washington Statutes

§ 31.40.080 — Records—Reports—Loan loss reserve.

Washington § 31.40.080

Title 31MISCELLANEOUS LOAN AGENCIES

Ch. 31.40FEDERALLY GUARANTEED SMALL BUSINESS LOANS

This text of Washington § 31.40.080 (Records—Reports—Loan loss reserve.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 31.40.080 (2026).

Text

(1)A licensee shall keep books, accounts, and other records in such a form and manner as the director may require. These records shall be kept at such a place and shall be preserved for such a length of time as the director may specify.

(2)Not more than ninety days after the close of each calendar year or within a period specified by the director, a licensee shall file with the director a report containing the following:

(a)Financial statements, including the balance sheet, the statement of income or loss, the statement of changes in capital accounts and the statement of changes in financial position; and

(b)Other information that the director may require.

(3)Each licensee shall provide for a loan loss reserve sufficient to cover projected loan losses which are not guaranteed by t

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(1) A licensee shall keep books, accounts, and other records in such a form and manner as the director may require. These records shall be kept at such a place and shall be preserved for such a length of time as the director may specify.

(2) Not more than ninety days after the close of each calendar year or within a period specified by the director, a licensee shall file with the director a report containing the following:

(a) Financial statements, including the balance sheet, the statement of income or loss, the statement of changes in capital accounts and the statement of changes in financial position; and

(b) Other information that the director may require.

(3) Each licensee shall provide for a loan loss reserve sufficient to cover projected loan losses which are not guaranteed by the United States government or any agency thereof.