Washington Code 19.134.030 – Surety bond and trust account — Exception to requirement
Current as of: 2023 | Check for updates
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If a credit services organization is in compliance with *RCW 19.134.020(1), the salesperson, agent, or representative who sells the services of that organization is not required to obtain a surety bond and establish a trust account.
[ 1986 c 218 § 4.]
NOTES:
*Reviser’s note: RCW 19.134.020 was amended by 2023 c 144 § 2, changing subsection (1) to subsection (1)(a).
Terms Used In Washington Code 19.134.030
- Credit services organization: means any person who sells, provides, performs, or represents that the person can or will sell, provide, or perform, in return for the payment of money or other valuable consideration any of the following services:
Washington Code 19.134.010Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC