Washington § 32.08.220 - Findings — Purpose.

Full text of Washington Revised Code of Washington § 32.08.220 — Findings — Purpose., with citation guidance and answers to common questions.

§ 32.08.220. Findings — Purpose.

The legislature finds that [the] state of Washington needs investment of funds from out of state and from investors in the state of Washington to keep money for real estate and other forms of financing reasonably available for the needs of Washington citizens. Many innovations have taken place in the last several years to aid in the sale of loans or portions thereof to others including the sale of mortgage pass-through certificates, mortgage backed bonds, participation sales with varying rates, terms or priorities to various participants and the like. As the marketing of such investments continues, further innovations can be expected. It will benefit the state if mutual savings banks subject to the laws of this state have the broadest powers possible commensurate with their safety and soundness to take part in such activities. It is the purpose of RCW 32.08.225 and 32.08.230 to grant a broad power.
[ 1981 c 86 s 11.]

Notes

Severability—1981 c 86: See note following RCW 32.08.140.

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Frequently Asked Questions About Washington § 32.08.220

What does Revised Code of Washington § 32.08.220 cover?

Section 32.08.220 ("Findings — Purpose.") 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 § 32.08.220?

A common citation format is "Revised Code of Washington § 32.08.220" (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.

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Sources & Verification

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