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Can you summarize Chapter 208-512 WAAC?
Financial Institutions, Department of (See also Titles 50, 419, and 460) > Banks.
Short Summary
The provided legal document content covers various aspects related to banks and financial institutions. It includes guidelines and regulations for leasing bank premises, subprime and nontraditional mortgage lending, insurance-related activities, investment of banks in investment companies, community reinvestment, permissible investments for banks, management of investment securities, and conduct of insurance-related activities through a subsidiary of a bank. These documents apply to banks, savings banks, savings associations, financial institutions, credit unions, mortgage brokers, and consumer loan companies. The documents provide requirements, limitations, and procedures for different activities and transactions conducted by these entities. No specific exemptions or penalties are mentioned in the provided content.
Whom does it apply to?
Banks, savings banks, savings associations, financial institutions, credit unions, mortgage brokers, consumer loan companies
What does it govern?
Leasing of bank premises by banks, subprime and nontraditional mortgage lending guidance, insurance-related activities, investment of banks in investment companies, community reinvestment, permissible investments for banks, management of investment securities, conduct of insurance-related activities through a subsidiary of a bank
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned for non-compliance or violation of the document's provisions.
Jurisdiction
Washington