# WAC 208-512A-010: WAC 208-512A-010. General limitation on loans and extensions of credit

> Washington · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_010

## Section

- **Citation:** WAC 208-512A-010
- **Heading:** WAC 208-512A-010. General limitation on loans and extensions of credit
- **Jurisdiction:** Washington
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Administrative Code / Title 208 / Chapter 208-512A / Section 208-512A-010

## Text

The total amount of loans and extensions of credit by a bank to a person outstanding at one time and not fully secured by collateral in a manner set forth in WAC 208-512A-011 , shall not exceed twenty percent of the capital and surplus of such bank; provided, that a bank shall not be deemed to have violated this section on account of any loan or extension of credit, if such loan or extension of credit would be classified as an exception to the lending limit for national banks or federal savings associations under applicable federal banking laws and rules that existed as of July 28, 1985, or as of any subsequent date not later than July 27, 2003.

## Nearby sections

- [WAC 208-512A-001 WAC 208-512A-001. Promulgation of rules](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_001.md)
- [WAC 208-512A-003 WAC 208-512A-003. Findings and purpose](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_003.md)
- [WAC 208-512A-005 WAC 208-512A-005. "Loans and extensions of credit" and "contractual commitment to advance funds" — Defined](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_005.md)
- [WAC 208-512A-007 WAC 208-512A-007. Other general chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_007.md)
- [WAC 208-512A-009 WAC 208-512A-009. Applicability of chapter](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_009.md)
- [WAC 208-512A-010 WAC 208-512A-010. General limitation on loans and extensions of credit](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_010.md)
- [WAC 208-512A-011 WAC 208-512A-011. Exception to general limitation—Loans and extensions of credit fully secured by readily marketable collateral](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_011.md)
- [WAC 208-512A-012 WAC 208-512A-012. Exception to general limitation—Nonconforming loans](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_012.md)
- [WAC 208-512A-013 WAC 208-512A-013. Exception to general limitation—Declining capital—Inability to otherwise effectively operate in marketplace—Director discretion](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_013.md)
- [WAC 208-512A-014 WAC 208-512A-014. Exception to general limitation — Extenuating facts and circumstances — Standards for division determination—Director of banks' discretion](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_014.md)
- [WAC 208-512A-015 WAC 208-512A-015. Renewals and additional advances under a contractual commitment to advance funds—Project funding](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_015.md)
- [WAC 208-512A-020 WAC 208-512A-020. Special rule—Discount of commercial or business paper](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_020.md)
- [WAC 208-512A-030 WAC 208-512A-030. Special rule—Purchase of bankers' acceptances](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_030.md)
- [WAC 208-512A-040 WAC 208-512A-040. Special rule—Readily marketable staples](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_040.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_010. Check the current official text before relying on it. Not legal advice.