Statutes, codes, and regulations
Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)
Chapter 208-476 - Credit union - Other real estate owned
Section 208-476-030 - Authority of director to require reports

Wash. Admin. Code § 208-476-030

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Current through Register Vol. 25-01, January 1, 2025
Section 208-476-030 - Authority of director to require reports

What legal authority does DFI have to require special reports from credit unions, accounting for OREO? The director has the statutory authority to require a credit union to file any financial or statistical report the director may require. The director, therefore, has the authority to require special reports on OREO properties held by Washington state chartered credit unions. RCW 31.12.567.

Wash. Admin. Code § 208-476-030

Statutory Authority: RCW 31.12.404, 31.12.426, 31.12.428, 31.12.436, and 31.12.516. 09-24-050, § 208-476-030, filed 11/24/09, effective 12/31/09.