Rulemaking Docket
Below you will find information about DFI rulemaking activity.
Current Rulemaking
November 2010 - Governor Chris Gregoire's Executive Order 10-06 (PDF)* directs state agencies to suspend development and adoption of rules for the next 12 months. The Governor is directing agencies to suspend rulemaking that is not immediately necessary. She recognizes, however, that agencies should not suspend all rulemaking, as rulemaking is an essential government operations tool.
Rulemaking Suspended
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Division of Credit Unions Assessing Civil Money Fines
The Division of Credit Unions has suspended rulemaking process for assessing civil money fines in accordance with Executive Order 10-06. The National Credit Union Administration and federal banking agencies follow Federal Financial Institutions Examination Council (FFIEC) guidance concerning criteria used in assessing civil money penalties. The Director of Credit Unions is reviewing the FFIEC guidance and is requesting comments by Dec. 31, 2010, from credit unions and other stakeholders on whether to adopt similar guidance.
Rulemaking That Will Proceed
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Division of Consumer Services - Mortgage Broker Practices Act (Amendment of Rules)
The Division of Consumer Services will continue with this critical rulemaking as it is necessary to protect public health, safety, and welfare. -
Division of Consumer Services - Consumer Loan Act (Amendment of Rules)
The Division of Consumer Services will continue with this critical rulemaking as it is necessary to protect public health, safety, and welfare. -
Division of Consumer Services - Mortgage Broker Practices Act (Rules for Renewal)
The Division of Consumer Services will continue with this critical rulemaking as it is necessary to protect public health, safety, and welfare. -
Division of Securities - Updating of NASAA Statements of Policy
The Division of Securities will continue with this critical rulemaking as it is beneficial to or supported by the regulated entities or small businesses that it affects. -
Division of Securities - Investment Adviser Rules
The Division of Securities will continue with this critical rulemaking as it is required by federal law. -
Division of Securities - Mortgage Paper Securities Rules
The Division of Securities will continue with this critical rulemaking as it is necessary to protect public health, safety, and welfare. -
Division of Securities - Accredited Investor Definition
The Division of Securities will continue with this critical rulemaking as it is required by federal law.
No Rulemaking Scheduled
- The Division of Banks has no rulemaking scheduled for 2011.
About Agency Rulemaking
For detailed information, read RCW 34.05 The Administrative Procedures Act, which governs agency rulemaking and RCW 19.85 The Regulatory Fairness Act which identifies when an agency must complete a Small Business Economic Impact Statement (SBEIS).
Generally, rulemaking takes place in three distinctive steps based on filings required by the Office of the Code Reviser:
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A CR-101 Pre-proposal Statement of Inquiry is prepared. At this stage, proposed text is usually not available. Comment is invited on whether rules in the areas identified in the CR-101 are needed and, if so, the content of those rules.
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A CR-102 Rulemaking Proposal is filed if it is decided to proceed. Proposed text is filed with the CR-102 and a comment period and public hearing are scheduled.
- After the comment period and public hearing, a CR-103 Rulemaking Order will be filed if it is decided to proceed with the rule. The final text is included with the CR-103. The newly adopted rules are generally effective 31 days after filing with the Code Reviser.
Once a rule has been adopted, it becomes a part of the Washington Administrative Code (WAC).
Petition Rulemaking
Individuals or groups who wish to petition DFI to adopt, amend, or repeal an administrative rule may do so by using the form linked below. You also may contact DFI using other formats, such as a letter or email.
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