RCW 31.40.080
157 words·~1 min read·
/wa/title-31/chapter-31-40/31-40-080A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A licensee shall keep books, accounts, and other records in such a form and manner as the director may require. These records shall be kept at such a place and shall be preserved for such a length of time as the director may specify.
(2)Not more than ninety days after the close of each calendar year or within a period specified by the director, a licensee shall file with the director a report containing the following:
(a)Financial statements, including the balance sheet, the statement of income or loss, the statement of changes in capital accounts and the statement of changes in financial position; and
(b)Other information that the director may require.
(3)Each licensee shall provide for a loan loss reserve sufficient to cover projected loan losses which are not guaranteed by the United States government or any agency thereof.
[ 1994 c 92 s 267 ; 1989 c 212 s 8 .]