Washington Statutes
§ 32.40.020 — Approval and disapproval of applications—Consideration of performance record in meeting community credit needs.
Washington § 32.40.020
This text of Washington § 32.40.020 (Approval and disapproval of applications—Consideration of performance record in meeting community credit needs.) 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 § 32.40.020 (2026).
Text
Whenever the director must approve or disapprove of an application for a new branch or satellite facility; for a purchase of assets, a merger, an acquisition or a conversion not required for solvency reasons; or for authority to engage in a business activity, the director shall consider, among other factors, the record of performance of the applicant in helping to meet the credit needs of the applicant's entire community, including low and moderate-income neighborhoods. Assessment of an applicant's record of performance may be the basis for denying an application.
Legislative intent — 1985 c 329: See note following RCW 30A.60.010 .
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Related
§ 30A.60.010
Washington § 30A.60.010
Legislative History
[1994 c 92 s 411;1985 c 329 s 9.]
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 § 32.40.020, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.40.020.