Statutes, codes, and regulations
Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)
Chapter 208-512A - Limits on loans and extensions of credit
Section 208-512A-120 - Loans to limited liability companies

Wash. Admin. Code § 208-512A-120

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Current through Register Vol. 24-23, December 1, 2024
Section 208-512A-120 - Loans to limited liability companies

Loans or extensions of credit to a limited liability company shall, for purposes of this chapter, be considered loans or extensions of credit to a corporation, and shall not be subject to the provisions of WAC 208-512A-110.

Wash. Admin. Code § 208-512A-120

Statutory Authority: RCW 30.04.030, 30.04.111, 30.04.215, 30.08.140, 32.08.157, 43.320.040, and 43.320.050 and Section 611 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (codified as section 18(y) of the Federal Deposit Insurance Act, 12 U.S.C. § 1828(y)), which takes effect January 21, 2013. 13-03-037, § 208-512A-120, filed 1/8/13, effective 2/8/13.