# RCW 30B.04.070: RCW 30B.04.070: Limits on loans to insiders and affiliates—Exceptions

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S070

## Section

- **Citation:** RCW 30B.04.070
- **Heading:** RCW 30B.04.070: Limits on loans to insiders and affiliates—Exceptions
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 30B / Chapter 04 / Section 070

## Text

(1) A state trust company may not make loans or extensions of credit, nor extend leases, to any person except in relation to nonfiduciary corporate funds and only as set forth in this section. (2) Unless authorized by subsection (4) of this section, a state trust company may make loans or leases to insiders only to the extent permitted for state banks under federal reserve board regulation O, 12 C.F.R. Part 215. (3) Unless authorized by subsection (4) of this section, a state trust company may make loans or leases to affiliates as may be reasonably determined by the director by rule. In the absence of rule making to the contrary, the director shall be guided by sections 23a and 23b of the federal reserve act, 12 U.S.C. Secs. 371c and 371c-1, and federal reserve board regulation W, 12 C.F.R. Part 223, governing the permissibility of loans and leases to affiliates by state banks that are members of the federal reserve. (4) Notwithstanding any other provision of this section, a state trust company may make loans or extensions of credit, or extend leases, in relation to nonfiduciary corporate funds, subject to approval of the director upon written application. (5) The director may adopt rules interpreting this section and may impose further conditions and restrictions on loans and extensions of credit by state trust companies not inconsistent with this section.

## Nearby sections

- [RCW 30B.04.002 RCW 30B.04.002: Short title.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S002.md)
- [RCW 30B.04.005 RCW 30B.04.005: Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S005.md)
- [RCW 30B.04.010 RCW 30B.04.010: Name of trust institution—Use of trust in name.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S010.md)
- [RCW 30B.04.020 RCW 30B.04.020: Rules—Administration and interpretation of title.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S020.md)
- [RCW 30B.04.030 RCW 30B.04.030: Persons authorized to act as a fiduciary.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S030.md)
- [RCW 30B.04.040 RCW 30B.04.040: Activities not requiring certificate of authority or approval under this title.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S040.md)
- [RCW 30B.04.050 RCW 30B.04.050: Persons subject to the requirement of a certificate of authority or approval under this title.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S050.md)
- [RCW 30B.04.060 RCW 30B.04.060: Confidentiality of examination information.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S060.md)
- [RCW 30B.04.070 RCW 30B.04.070: Limits on loans to insiders and affiliates—Exceptions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S070.md)
- [RCW 30B.04.080 RCW 30B.04.080: Transactions in state trust company shares.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S080.md)
- [RCW 30B.04.090 RCW 30B.04.090: Investment of corporate funds—Securities.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S090.md)
- [RCW 30B.04.100 RCW 30B.04.100: Investment in corporations—Subsidiaries.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S100.md)
- [RCW 30B.04.110 RCW 30B.04.110: Pledge of assets.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S110.md)
- [RCW 30B.04.120 RCW 30B.04.120: Investment in state trust company facilities.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S120.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T30B_C04_S070. Check the current official text before relying on it. Not legal advice.