08-15-166  

  • WSR 08-15-166

    AGENDA

    DEPARTMENT OF

    FINANCIAL INSTITUTIONS

    [ Filed July 23, 2008, 9:48 a.m. ]


    Semi-Annual Agenda for Rules Under Development

    July 1, 2008 - December 31, 2008


    DIVISION OF BANKS

    ? Amendments to WAC 208-512-045(2), 208-544-020(1), 208-544-025, and 208-544-030 (1) and (2) to increase fees charged to entities regulated by the division of banks.
    ? Adopt rules pursuant to SHB 2770 relating to application of the guidance on nontraditional mortgage product risks and the statement on subprime mortgage lending to financial institutions.
    ? Adopt disclosure form and rules pursuant to SHB 2770 relating to residential mortgage loans.

    DIVISION OF CONSUMER SERVICES

    ? Adoption of rule amendments under chapter 208-620 WAC (the Consumer Loan Act rules). This rule-making project was begun in 2007.
    ? Amendments to chapter 208-620 WAC implementing legislation from the Laws of 2008 and generally revising the rules.
    ? Adoption of rule amendments under chapter 208-630 WAC (the Check Cashers and Sellers Act).
    ? Rule making under SHB 2770 (chapter 108, Laws of 2008).
    ? Amendments to chapter 208-660 WAC (the Mortgage Broker Practices Act) implementing legislation from the Laws of 2008 and generally revising the rules.

    DIVISION OF CREDIT UNIONS

    ? Amendments to chapter 208-418 WAC to increase fees paid by credit unions.
    ? Adopt rules pursuant to SHB 2770 relating to application of the guidance on nontraditional mortgage product risks and the statement on subprime mortgage lending to financial institutions.
    ? Adopt disclosure form and rules pursuant to SHB 2770 relating to residential mortgage loans.

    DIVISION OF SECURITIES

    ? WAC 460-24A-040 and 460-24A-045, "holding out" as a "financial planner" or "investment counselor."
    ? Chapter 460-80 WAC, Franchise registration, rules.
    ? WAC 460-44A-500 through 460-44A-508, private and limited offering rules.
    ? WAC 460-24A-005, 460-24A-105, 460-24A-108, and 460-24A-170, investment adviser custody rules.
    ? WAC 208-705-010 Securities prosecution fund rules.