Washington Statutes
§ 32.08.230 — Restrictions and requirements by director.
Washington § 32.08.230
This text of Washington § 32.08.230 (Restrictions and requirements by director.) 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 § 32.08.230 (2026).
Text
Any mutual savings bank engaging in any activity contemplated in RCW 32.08.225 , whereby it holds or purchases subordinated securities, issues letters of credit to secure a portion of any sale or issue of loans sold or exchanged, or in any manner acts as a partial guarantor or insurer or repurchaser of any loans sold or exchanged, shall do so only in accordance with such reasonable restrictions and requirements as the director shall require and shall report and carry such transactions on its books and records in such manner as the director shall require. In establishing any requirements and restrictions hereunder, the director shall consider the effect the transaction and the reporting thereof will have on the safety and soundness of the mutual savings bank engaging in it.
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Related
§ 32.08.225
Washington § 32.08.225
§ 32.08.140
Washington § 32.08.140
Legislative History
[1994 c 92 s 322;1981 c 86 s 13.]
Nearby Sections
15
§ 32.04.002
Short title.§ 32.04.010
Scope of title.§ 32.04.012
Limits on loans and extensions of credit.§ 32.04.015
Duty to comply—Violations—Penalty.§ 32.04.020
Definitions.§ 32.04.022
"Mortgage" includes deed of trust.§ 32.04.050
Reports.§ 32.04.070
Certified copies of records as evidence.§ 32.04.100
Penalty for falsification.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 32.08.230, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.08.230.