# RCW 43.320.050: RCW 43.320.050: Assistant directors—Divisions—"FDIC" defined

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S050

## Section

- **Citation:** RCW 43.320.050
- **Heading:** RCW 43.320.050: Assistant directors—Divisions—"FDIC" defined
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 43 / Chapter 320 / Section 050

## Text

The director of financial institutions may appoint assistant directors for each of the divisions of the department and delegate to them the power to perform any act or duty conferred upon the director. The director is responsible for the official acts of these assistant directors. The department of financial institutions shall consist of at least the following four divisions: The division of FDIC insured institutions, with regulatory authority over all state-chartered FDIC insured institutions; the division of credit unions, with regulatory authority over all state-chartered credit unions; the division of consumer affairs, with regulatory authority over state-licensed nondepository lending institutions and other regulated entities; and the division of securities, with regulatory authority over securities, franchises, business opportunities, and commodities. The director of financial institutions is granted broad administrative authority to add additional responsibilities to these divisions as necessary and consistent with applicable law. For purposes of this section, "FDIC" means the Federal Deposit Insurance Corporation.

## 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)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T43_C320_S050. Check the current official text before relying on it. Not legal advice.