Washington Statutes
§ 32.20.410 — Limitation of total investment in certain obligations.
Washington § 32.20.410
This text of Washington § 32.20.410 (Limitation of total investment in certain obligations.) 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 § 32.20.410 (2026).
Text
The aggregate total amount a mutual savings bank may invest in the following shall not exceed the sum of eighty-five percent of its funds and one hundred percent of its borrowings as permitted under RCW 32.08.140 , as now or hereafter amended and RCW 32.08.190 , as now or hereafter amended:
(1)Mortgages upon real estate and participations therein;
(2)Contracts for the sale of realty;
(3)Mortgages upon leasehold estates; and
(4)Notes secured by pledges or assignments of first mortgages or real estate contracts.
The limitation of this section shall not apply to GNMA certificates, mortgage backed bonds, mortgage pass-through certificates or other similar securities purchased or held by the bank.
Severability — 1981 c 86: See note following RCW 32.08.140 .
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Related
§ 32.08.140
Washington § 32.08.140
§ 32.08.190
Washington § 32.08.190
Legislative History
[1981 c 86 s 8;1977 ex.s. c 104 s 7;1969 c 55 s 10;1963 c 176 s 19.]
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 § 32.20.410, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.20.410.