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Code · Washington · Title 31 — Miscellaneous Loan Agencies · Chapter 31.12

RCW 31.12.853

169 words·~1 min read·/wa/title-31/chapter-31-12/31-12-853·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The department is authorized to assess civil fines to the credit union for violation of any of the following:
(a)Any material provision of this chapter or related rules;
(b)Any final or temporary order, including a cease and desist, suspension, removal, or prohibition order;
(c)Any supervisory agreement;
(d)Any condition imposed in writing in connection with the grant of any application or other request; or
(e)Any other written agreement entered into with the director.
(2)At the option of the director, a violation of this section subjects the violator to a fine of up to ten thousand dollars per violation. A continuing violation shall be considered a single violation for this purpose. The fine is payable upon issuance of any order or directive of the director, and may be recovered by the attorney general in a civil action in the name of the department.
(3)The department is authorized to adopt rules for the implementation of this section.
[ 2010 c 87 s 16 .]
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