Washington § 43.52.395 - Maximum interest rate operating agency may pay member.

Full text of Washington Revised Code of Washington § 43.52.395 — Maximum interest rate operating agency may pay member., with citation guidance and answers to common questions.

§ 43.52.395. Maximum interest rate operating agency may pay member.

(1) The maximum rate at which an operating agency shall add interest in repaying a member under RCW 43.52.391 may not exceed the higher of fifteen percent per annum or four percentage points above the equivalent coupon issue yield (as published by the Board of Governors of the Federal Reserve System) of the average bill rate for twenty-six week treasury bills as determined at the first bill market auction conducted during the preceding calendar month.
(2) The maximum rate specified in subsection (1) of this section is applicable to all advances and contributions made by each member to the agency prior to January 21, 1982, and to all renewals of such advances and contributions.
[ 1989 c 14 s 4; 1982 c 1 s 2.]

Notes

Severability—1982 c 1: See note following RCW 43.52.391.

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

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Frequently Asked Questions About Washington § 43.52.395

What does Revised Code of Washington § 43.52.395 cover?

Section 43.52.395 ("Maximum interest rate operating agency may pay member.") 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.

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