Revised Code of Washington - RCW Title 31 Miscellaneous Loan Agencies - Chapter 31.40 Federally Guaranteed Small Business Loans

31.40.010 Intent
The legislature finds and declares that small and moderate-size companies can enhance their access to working capital and to capital for acquiring and equipping commercial ...

31.40.020 Definitions
Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Licensee" means a Washington corporation licensed under the terms ...

31.40.030 Director -- Powers and duties
(1) The director shall administer this chapter. The director may issue orders and adopt rules that, in the opinion of the director, are necessary to ...

31.40.040 Licensee -- Powers and duties
(1) A licensee may participate in the 7(a) loan guaranty program of the small business administration pursuant to section 7(a) of the federal small business ...

31.40.050 License approval
After a review of information regarding the directors, officers, and controlling persons of the applicant for a license, a review of the applicant's business plan, ...

31.40.060 Prohibited loans -- Exception
(1) Either by itself or in concert with a director, officer, principal shareholder, or affiliate, or with another licensee, a licensee shall not hold control ...

31.40.070 Fees
(1) The director is authorized to charge a fee for the estimated direct and indirect costs of the following: (a) An application for a license ...

31.40.080 Records -- Reports -- Loan loss reserve
(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 ...

31.40.090 Examination of licensees
(1) The director shall examine each licensee not less than once every twenty-four months. (2) The director may with or without notice and at any ...

31.40.100 Application denial
If the director denies an application, the director shall provide the applicant with a written statement explaining the basis for the denial.[1994 c 92 § ...

31.40.110 Rules -- Penalties
(1) The director shall adopt rules to enforce the intent and purposes of this chapter. Such rules shall include, but need not be limited to, ...

31.40.120 Injunction
If, in the opinion of the director, a person violates or there is reasonable cause to believe that a person is about to violate any ...

31.40.130 Penalty -- License impairment
The director may deny, suspend, or revoke a license if the applicant or holder violates any provision of this chapter or any rules promulgated pursuant ...

31.40.135 Application of RCW 31.24.230
RCW 31.24.230 (1), (3), and (4) supersede any contrary provision of this chapter.[2006 c 87 § 29.] ...

31.40.900 Severability -- 1989 c 212
If any provision of this act or its application to any person or circumstance is held invalid or, if in the written opinion of the ...