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PDFWAC 173-700-701

Role of the signatories.

(1) Signatories provide assistance to the department in overseeing the establishment and operation of that bank.
(2) Signatories provide input to the department on whether a credit release petition should be granted.
(3) Signatories review and provide comments to the department on any proposed uses of bank credits that are not consistent with the terms of the certification.
(4) Signatories notify the department if they determine that the bank is out of compliance with the terms of its certification and recommend whether remedial actions are warranted to bring the bank into compliance.
(5) Signatories must notify the department if they have any comments regarding the department's proposed remedial actions required under WAC 173-700-601.
[Statutory Authority: Chapter 90.84 RCW. WSR 09-19-013 (Order 04-13), ยง 173-700-701, filed 9/3/09, effective 10/4/09.]
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