# RCW 43.320.007: RCW 43.320.007: Regulatory reform—Findings—Construction—1994 c 256

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S007

## Section

- **Citation:** RCW 43.320.007
- **Heading:** RCW 43.320.007: Regulatory reform—Findings—Construction—1994 c 256
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 43 / Chapter 320 / Section 007

## Text

(1) The legislature finds that the financial services industry is experiencing a period of rapid change with the development and delivery of new products and services and advances in technology. (2) The legislature further finds it in the public interest to strengthen the regulation, supervision, and examination of business entities furnishing financial services to the people of this state and that this can be accomplished by streamlining and focusing regulation to reduce costs, increase effectiveness, and foster efficiency by eliminating requirements that are not necessary for the protection of the public. (3) The provisions of chapter 256, Laws of 1994 should not be construed to limit the ability of the director of financial institutions to implement prudent regulation, prevent unsafe, unsound, and fraudulent practices, and undertake necessary enforcement actions to protect the public and promote the public interest.

## Nearby sections

- [RCW 43.320.005 RCW 43.320.005: Finding.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S005.md)
- [RCW 43.320.007 RCW 43.320.007: Regulatory reform—Findings—Construction—1994 c 256.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S007.md)
- [RCW 43.320.010 RCW 43.320.010: Department created.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S010.md)
- [RCW 43.320.017 RCW 43.320.017: Collective bargaining agreements.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S017.md)
- [RCW 43.320.020 RCW 43.320.020: Director—Salary—Powers and duties—Examiners, assistants, personnel.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S020.md)
- [RCW 43.320.030 RCW 43.320.030: Director—Qualifications—Conflicts of interest.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S030.md)
- [RCW 43.320.040 RCW 43.320.040: Director's authority to adopt rules.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S040.md)
- [RCW 43.320.045 RCW 43.320.045: Director's duties—Dissemination of information.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S045.md)
- [RCW 43.320.050 RCW 43.320.050: Assistant directors—Divisions—"FDIC" defined.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S050.md)
- [RCW 43.320.060 RCW 43.320.060: Deputization of assistant to exercise powers and duties of director.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S060.md)
- [RCW 43.320.070 RCW 43.320.070: Oath of examiners—Liability for acts performed in good faith.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S070.md)
- [RCW 43.320.080 RCW 43.320.080: Director to maintain office in Olympia—Record of receipts and disbursements—Deposit of funds.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S080.md)
- [RCW 43.320.090 RCW 43.320.090: Borrowing money by director, deputy, or employee—Penalty.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S090.md)
- [RCW 43.320.100 RCW 43.320.100: Annual report—Contents.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S100.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S007. Check the current official text before relying on it. Not legal advice.