# WAC 208-512A-013: WAC 208-512A-013. Exception to general limitation—Declining capital—Inability to otherwise effectively operate in marketplace—Director discretion

> Washington · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_512A_013

## Section

- **Citation:** WAC 208-512A-013
- **Heading:** WAC 208-512A-013. Exception to general limitation—Declining capital—Inability to otherwise effectively operate in marketplace—Director discretion
- **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-013

## Text

Notwithstanding any provision of this chapter to the contrary, in the event that a bank's capital declines sufficiently to seriously impair the bank's ability to effectively operate in its marketplace or serve the needs of its customers or the community in which it is located, the director of banks may, upon written application and in the exercise of his or her discretion, grant a bank temporary permission to fund loans and extensions of credit in excess of such bank's limit on loans and extensions of credit. In the exercise of discretion, the director of banks may further specify conditions for granting such emergency exception and may limit emergency lending authority to particular types or classes of loans and extensions of credit.

## 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_013. Check the current official text before relying on it. Not legal advice.