Washington Administrative Code (Last Updated: November 23, 2016) |
Title 308. Licensing, Department of (See also Titles 36, 98 and 196) |
Chapter 308-29. Collection agencies and repossession services. |
Section 308-29-020. Financial statement.
Latest version.
- Each applicant must submit a current (within prior three months) financial statement of assets and liabilities. Such statement shall be submitted in the manner and form prescribed by the director. Whenever a licensee applies for annual license renewal, such licensee must sign the renewal form that contains a certification:(1) That the collection agency's true net worth complies with the requirements of RCW 19.16.245; and(2) That the trust account(s) have sufficient funds to pay all obligations to clients.[Statutory Authority: [RCW 19.16.410]. WSR 01-11-132, § 308-29-020, filed 5/22/01, effective 6/22/01; Order PL-123, § 308-29-020, filed 5/17/72.]
[RCW 19.16.410]. WSR 01-11-132, § 308-29-020, filed 5/22/01, effective 6/22/01; Order PL-123, § 308-29-020, filed 5/17/72.