Wash. Admin. Code § 308-29-020 - Financial statement

Each applicant must submit a current (within prior three months) financial statement of assets and liabilities. Such statement shall be submitted in the manner and form prescribed by the director. Whenever a licensee applies for annual license renewal, such licensee must sign the renewal form that contains a certification:

(1) That the collection agency's true net worth complies with the requirements of RCW 19.16.245; and
(2) That the trust account(s) have sufficient funds to pay all obligations to clients.

Notes

Wash. Admin. Code § 308-29-020

Statutory Authority: [RCW 19.16.410 ]. 01-11-132, § 308-29-020, filed 5/22/01, effective 6/22/01; Order PL-123, § 308-29-020, filed 5/17/72.

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