31.40.130 – Penalty—License impairment.
RCW 31.40.130 Penalty—License impairment. The director may deny, suspend, or revoke a license if the applicant or holder violates any provision of this chapter or any rules promulgated pursuant to this chapter. [ 1994 c 92 § 272; 1989 c 212 § 13.]
31.40.135 – Application of RCW 31.24.230.
RCW 31.40.135 Application of RCW 31.24.230. RCW 31.24.230 (1), (3), and (4) supersede any contrary provision of this chapter. [ 2006 c 87 § 29.]
31.35.900 – Severability—Administrative review—1990 c 134.
RCW 31.35.900 Severability—Administrative review—1990 c 134. If any provision of this act or its application to any person or circumstance is held invalid or, if in the written opinion of the farmers home administration, is contrary to the intent and purposes of the loan guaranty program, the director shall not enforce such provision, but the […]
31.40.010 – Intent.
RCW 31.40.010 Intent. The legislature finds and declares that small and moderate-size companies can enhance their access to working capital and to capital for acquiring and equipping commercial and industrial facilities by using the United States small business administration national small business loan program known as the 7(a) loan guaranty program. The 7(a) loan guaranty […]
31.40.020 – Definitions.
RCW 31.40.020 Definitions. Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) “Licensee” means a Washington corporation licensed under the terms of this chapter. (2) “Director” means the director of financial institutions. [ 1994 c 92 § 262; 1989 c 212 § 2.]
31.40.030 – Director—Powers and duties.
RCW 31.40.030 Director—Powers and duties. (1) The director shall administer this chapter. The director may issue orders and adopt rules that, in the opinion of the director, are necessary to execute, enforce, and effectuate the purposes of this chapter. Rules to enforce the provisions of this chapter shall be adopted under the administrative procedure act, […]
31.40.040 – Licensee—Powers and duties.
RCW 31.40.040 Licensee—Powers and duties. (1) A licensee may participate in the 7(a) loan guaranty program of the small business administration pursuant to section 7(a) of the federal small business investment act of 1958, 15 U.S.C. Sec. 636(a), or any other government program for which the licensee is eligible and which has as its function […]
31.40.050 – License approval.
RCW 31.40.050 License approval. After a review of information regarding the directors, officers, and controlling persons of the applicant for a license, a review of the applicant’s business plan, including at least three years of detailed financial projections and other relevant information, and a review of such additional information as is considered relevant by the […]
31.40.060 – Prohibited loans—Exception.
RCW 31.40.060 Prohibited loans—Exception. (1) Either by itself or in concert with a director, officer, principal shareholder, or affiliate, or with another licensee, a licensee shall not hold control of a business firm to which it has made a loan under section 7(a) of the federal small business investment act of 1958, 15 U.S.C. Sec. […]
31.40.070 – Fees.
RCW 31.40.070 Fees. (1) The director is authorized to charge a fee for the estimated direct and indirect costs of the following: (a) An application for a license and the investigation thereof; (b) An application for approval to acquire control of a licensee and the investigation thereof; (c) An application for approval for a licensee […]