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Home » US Law » 2022 Revised Code of Washington » Title 32 - Washington Savings Bank Act » Chapters » Chapter 32.20 - Investments. » 32.20.415 – Limitation on certain secured and unsecured loans.

RCW 32.20.415

Limitation on certain secured and unsecured loans.

In addition to all other investments and loans authorized for mutual savings banks in this state, a mutual savings bank may invest not more than twenty percent of its funds in secured or unsecured loans on such terms and conditions as the bank may determine.

[ 1981 c 86 § 15.]

NOTES:

Severability—1981 c 86: See note following RCW 32.08.140.