Statutes, codes, and regulations
Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)Chapter 208-620 - Washington Consumer Loan Act
COMPANY LICENSING
Section 208-620-300 - If I want to operate my business from more than one location, do I have to license each location?

Wash. Admin. Code § 208-620-300

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Current through Register Vol. 24-12, June 15, 2024
Section 208-620-300 - If I want to operate my business from more than one location, do I have to license each location?

Yes. You must submit a branch office application through the NMLS for each branch office, residential mortgage loan servicing location, student education loan servicing location, or direct solicitation location. You may not operate from a location until a license is granted for that location. However, a branch license is not required for a loan originator to conduct activities under the act from the loan originator's residence pursuant to WAC 208-620-660.

Wash. Admin. Code § 208-620-300

Amended by WSR 13-24-024, filed 11/22/13, effective 1/1/2014
Amended by WSR 16-08-026, Filed 3/30/2016, effective 4/30/2016
Amended by WSR 18-24-013, Filed 11/27/2018, effective 1/1/2019
Amended by WSR 22-24-048, Filed 11/30/2022, effective 12/31/2022

Statutory Authority: RCW 43.320.040, 31.04.165, 2009 c 120, and 2009 c 149. 09-24-090, § 208-620-300, filed 12/1/09, effective 1/1/10. Statutory Authority: RCW 31.04.165, 31.04.015, 31.04.045, 31.04.075, 31.04.085, 31.04.093, 31.04.102, 31.04.115, 31.04.145, 31.04.155, and 31.04.175. 06-04-053, § 208-620-300, filed 1/27/06, effective 2/27/06.