Washington Code 19.52.170 – Chapter not applicable to certain loans from tax-qualified retirement plan
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This chapter does not apply to any loan permitted under applicable federal law and regulations from a tax-qualified retirement plan to a person then a participant or a beneficiary under the plan.
Terms Used In Washington Code 19.52.170
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
This section affects loans being made, negotiated, renegotiated, extended, renewed, or revised on or after April 20, 1989.
[ 1989 c 138 § 1.]