Washington Code 19.100.070 – Registration — Claim of exemption filing — Duration — Renewal — Supplemental report
Current as of: 2023 | Check for updates
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(1) A franchise offering shall be deemed duly registered, and a claim of exemption under RCW 19.100.030(4)(b)(i) shall be duly filed, for a period of one year from the effective date of registration or filing unless the director by rule or order specifies a different period.
Terms Used In Washington Code 19.100.070
- Director: means the director of financial institutions. See Washington Code 19.100.010
- Franchise: means :
Washington Code 19.100.010Franchisor: means a person who grants a franchise to another person. See Washington Code 19.100.010 Subfranchisor: means a person to whom a subfranchise is granted. See Washington Code 19.100.010
(2) Registration of a franchise offer may be renewed for additional periods of one year each, unless the director by rule or order specifies a different period, by filing with the director no later than twenty calendar days prior to the expiration thereof a renewal application containing such information as the director may require to indicate any substantial changes in the information contained in the original application or the previous renewal application and payment of the prescribed fee.
(3) If a material adverse change in the condition of the franchisor or the subfranchisor or any material change in the information contained in its disclosure document should occur the franchisor or subfranchisor shall so amend the registration on file with the director as soon as reasonably possible and in any case, before the further sale of any franchise.