Washington § 31.35.060 - Responsibility of agricultural lender — Recordkeeping — Loan loss reserve.

Full text of Washington Revised Code of Washington § 31.35.060 — Responsibility of agricultural lender — Recordkeeping — Loan loss reserve., with citation guidance and answers to common questions.

§ 31.35.060. Responsibility of agricultural lender — Recordkeeping — Loan loss reserve.

(1) An agricultural lender shall keep books, accounts, and other records in such form and manner as required by the director. These records shall be kept at such place and shall be preserved for such length of time as specified by the director by rule.
(2) Not more than ninety days after the close of each calendar year, or within a period specified by the director, an agricultural lender shall file with the director a report containing the following:
(a) Financial statements, including the balance sheet, the statement of income or loss, the statement of changes in capital accounts, and the statement of changes in financial position; and
(b) Other information that the director may require.
(3) Each agricultural lender shall provide for a loan loss reserve sufficient to cover projected loan losses that are not guaranteed by the United States government or any agency thereof.
[ 1994 c 92 s 255; 1990 c 134 s 6.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 31.35.060

What does Revised Code of Washington § 31.35.060 cover?

Section 31.35.060 ("Responsibility of agricultural lender — Recordkeeping — Loan loss reserve.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 31.35.060?

A common citation format is "Revised Code of Washington § 31.35.060" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 31.35.060 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

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