Washington § 43.330.320 - Obtaining energy efficiency services — Awarding grants to financial institutions — Credit enhancements.

Full text of Washington Revised Code of Washington § 43.330.320 — Obtaining energy efficiency services — Awarding grants to financial institutions — Credit enhancements., with citation guidance and answers to common questions.

§ 43.330.320. Obtaining energy efficiency services — Awarding grants to financial institutions — Credit enhancements.

(1) The department must: (a) Establish a process to award grants on a competitive basis to provide grants to financial institutions for the purpose of creating credit enhancements, such as loan loss reserve funds as specified in RCW 43.330.330 and 43.330.350, and consumer financial products and services that will be used to obtain energy efficiency services; and (b) develop criteria, in consultation with the department of financial institutions, regarding the extent to which funds will be provided for the purposes of credit enhancements and set forth principles for accountability for financial institutions receiving funding for credit enhancements.
(2) The department must:
(a) Give priority to financial institutions that provide both consumer financial products or services and direct outreach;
(b) Approve any financing mechanisms offered by local municipalities under RCW 43.330.350; and
(c) Require any financial institution or other entity receiving funding for credit enhancements to:
(i) Provide books, accounts, and other records in such a form and manner as the department may require;
(ii) Provide an estimate of projected loan losses; and
(iii) Provide the financial institution's plan to manage loan loss risks, including the rationale for sizing a loan loss reserve and the use of other credit enhancements, as applicable.
[ 2009 c 379 s 205.]

Notes

Finding—Intent—Effective date—2009 c 379: See notes following RCW 70A.50.010.

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 43.330.320

What does Revised Code of Washington § 43.330.320 cover?

Section 43.330.320 ("Obtaining energy efficiency services — Awarding grants to financial institutions — Credit enhancements.") 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 § 43.330.320?

A common citation format is "Revised Code of Washington § 43.330.320" (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 § 43.330.320 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.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.