This document governs the participation of credit unions in commercial arrangements with third parties. Credit unions are allowed to enter into arrangements with third parties to offer the third party’s products and services to the credit union’s members. These arrangements may include allowing third parties to offer products and services through the credit union, endorsing third party products and services, entering into group purchasing arrangements, receiving payment from third parties, and renting or leasing portions of their land and buildings to third parties.

The provided legal document content consists of miscellaneous credit union rules. These rules apply to officials and employees of credit unions, immediate family members of officials and employees of credit unions, volunteer officials or nonsenior management employees of credit unions, and immediate family members of volunteer officials or employees of credit unions. The document prohibits the receipt of any commission, fee, or other compensation in connection with any loan made by the credit union, except for certain exemptions.

This document, part of the Washington Administrative Code, governs member business loans issued by credit unions. It provides guidelines for classifying these loans based on risk and potential loss. The document also specifies collateral and security requirements for member business loans, including loan-to-value ratios and lien priorities. Waivers may be sought for certain loan requirements. The document sets minimum reserve requirements for classified member business loans. It defines member business loans and outlines their various purposes, while also specifying exemptions to the definition.

This document governs the field of membership (FOM) for credit unions. It specifies that credit unions must keep their FOM bylaws in the form of the model FOM bylaws prescribed by the division. Credit unions that have not converted to the model FOM bylaws must do so by a specified date. The document outlines the requirements for adding qualified occupational groups, associational groups, and communities to a credit union’s FOM bylaws based on the credit union’s CAMEL rating.

These legal documents govern the handling of ‘other real estate owned’ (OREO) by credit unions. OREO refers to property that is legally owned by the credit union as a result of foreclosure or acquired due to default on a loan collateralized by real property. The purpose of these rules is to ensure safe and sound management of OREO by credit unions. The Department of Financial Institutions (DFI), Division of Credit Unions, has the authority to regulate credit unions and protect their integrity.

The provided legal document content is guidance issued by the Washington Administrative Code, which applies to financial institutions, including credit unions. The guidance requires credit unions to focus on various subjects and incorporate them into their policies and procedures. These subjects include helping borrowers understand risks associated with adjustable rate mortgages (ARMs), portfolio and risk management practices, underwriting standards, workout arrangements, consumer protection principles, and the development and maintenance of strong internal controls.

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.

These legal documents govern the limits on loans and extensions of credit for financial institutions, banks, state insured banks, state member banks, and limited liability companies. The documents provide guidelines and requirements for calculating lending limits, attributing loans or extensions of credit to separate persons or entities, and granting exceptions to lending limits based on extenuating circumstances. They also address specific exemptions for loans or extensions of credit secured by U.

The provided legal document outlines the requirements and guidelines for incorporating a bank or trust company in the state of Washington. It specifies that a notice of intention to organize must be filed with the Director of the Department of Financial Institutions, accompanied by the necessary documentation and a Cashier’s Check to cover the cost of investigation. The document emphasizes the need for complete and timely submission of all required information.

This legal document governs the collection of additional services fees by the division from regulated institutions. The fees are applicable to various services provided by the division, including chartering a new regulated institution, conversion of an existing nonstate chartered institution to a Washington state chartered institution, establishment of an office or bureau by an alien bank in Washington state, acquisition and control of shares or assets of a bank or bank holding company, issuance or filing of a notice of change of control, requests for division approval to use bank or trust company-related words in a company name, meeting attendance by division personnel with the board of directors or senior management of a regulated institution, off-site monitoring of a regulated institution, voluntary or involuntary liquidation, acting as conservator of a bank or trust company, investigation and resolution of consumer complaints, inquiries not in the normal course of business, investigation and enforcement actions against unlicensed bank or trust businesses, and various applications submitted by existing regulated institutions.