RCW 43.320.180 Review of retirement account products proposed for inclusion in the Washington small business retirement marketplace. The department of financial institutions, annually, or upon request of the department of commerce, must review individual retirement account products proposed for inclusion in the Washington small business retirement marketplace to confirm that the products comply with the […]
RCW 43.320.190 Confidential information—Public records act exemption. (1) Information provided to the department of financial institutions by an agency of another state or the federal government, or regulatory association comprised of members of financial regulatory agencies, to the extent such information is confidential or exempt from disclosure under specific federal law or the specific laws […]
RCW 43.320.500 Financial institution service providers—Definitions. The definitions in this section apply throughout this section and RCW 43.320.510 through 43.320.560 unless the context clearly requires otherwise. (1) “Covered financial institution” means a bank as defined in section 3 of the federal deposit insurance act, 12 U.S.C. Sec. 1813(a), and includes those financial institutions supervised and […]
RCW 43.320.510 Financial institution service providers—Examination. (1) A service provider that provides a covered service, by contract or otherwise, to a covered financial institution, is subject to examination by the director to the same extent as if the covered service was performed by the covered financial institution itself. (2) The director may, in the director’s […]
RCW 43.320.520 Financial institution service providers—Reports of examination from other agencies. The director may, in the director’s discretion, accept service provider reports of examination, which are made by any other state or federal agency, in lieu of any examination authorized under the laws of this state. [ 2022 c 49 § 3.]
RCW 43.320.530 Financial institution service providers—Confidentiality of reports of examination. A service provider report of examination written or obtained by the director is confidential and subject to the applicable state and federal bank confidentiality laws including, but not limited to, RCW 30A.04.075, 31.12.565, 32.04.220, and 33.04.110, provided that: (1) For any joint service provider report […]
RCW 43.320.540 Financial institution service providers—Examination and information sharing agreements. The director may enter into examination and information sharing agreements with any state or federal agency that has joint or concurrent jurisdiction over a service provider. [ 2022 c 49 § 5.]
RCW 43.320.550 Financial institution service providers—Enforcement. (1) The director may take enforcement actions against a service provider for planning, attempting, or currently violating any state or federal law, or engaging in any unsafe or unsound practice, to the same extent, and as if, the covered service was performed by the covered financial institution itself, pursuant […]
RCW 43.320.560 Financial institution service providers—Power of director—Rule making. The director has the power, and broad administrative discretion, to administer and interpret RCW 43.320.500 through 43.320.550. The director may adopt all rules necessary to administer RCW 43.320.500 through 43.320.550. [ 2022 c 49 § 7.]
RCW 43.320.900 Effective date—1993 c 472. This act takes effect October 1, 1993. [ 1993 c 472 § 31.]
