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Summer 2017 Newsletter
Uniform Money Services Act
DFI has filed a CR-101 to propose amendments to the rules. The rule amendment proposals will implement changes to the law and provide guidance to the industry. Some technical amendments will be proposed as well. Changes to the law can be viewed here: Substitute Senate Bill 5031.
The filing is here: CR-101
Throughout the rulemaking you can provide comments in any of the following methods:
Contact: Sara Rietcheck
Division of Consumer Services
PO Box 41200
Olympia, WA 98504-1200
Phone: (360) 902-8793
Consumer Loan Act
DFI has adopted the proposed amendments to the rules on capital requirements for licensees under the Consumer Loan Act servicing residential mortgage loans.
The amended rules become effective January 1, 2018. This extended effective date will allow licensees time to plan for and implement the changes.
If you have questions about the rulemaking process contact Cindy Fazio at 360-902-8800 or firstname.lastname@example.org.