WAC 208-586-120   Acquisition application fee.  RCW 33.28.020 requires the director to collect from each association a fee to cover the actual cost of supervision.

     To maintain fairness to all associations the acquiring party(ies) will defray the costs involving the director and his staff as follows:

     A minimum nonrefundable fee of $5,000 payable with the acquisition application described in RCW 33.24.360. In addition direct costs involving travel and lodging of the director or his staff and legal expense billed directly to the division will be paid by the acquirers.

     Savings and loan associations merging under authority of RCW 33.04.010 are not considered within the scope of RCW 33.24.360 and are therefore not included with respect to this WAC.



[Statutory Authority: RCW 33.04.025 and 43.320.040. 00-17-140, amended and recodified as § 208-586-120, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 33.24.360. 84-12-042 (Order 84-5), § 419-14-120, filed 5/31/84.]