Washington Administrative Code Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)
Washington Administrative Code (WAC) Title 208 – Department of Financial Institutions
Title 208 of the Washington Administrative Code contains the rules and regulations administered by the Washington State Department of Financial Institutions (DFI). This title governs the licensing, regulation, and oversight of financial services and institutions in the state.
The DFI is responsible for ensuring that Washington’s financial system is safe, sound, and compliant with the law. It regulates banks, credit unions, mortgage lenders, payday lenders, securities, money transmitters, and other financial service providers.
Key Areas Covered in WAC Title 208:
Below are examples of major chapters within Title 208. Note that the full list includes many chapters:
Banks and Trust Companies
208-512 – Powers and limitations of banks
208-514 – Branch banking
208-536 – Interstate banking
208-544 – Trust company regulation
Credit Unions
208-472 – Credit union operations
208-476 – Credit union mergers
Mortgage and Consumer Lending
208-620 – Consumer Loan Act rules
Covers mortgage lenders, servicers, and brokers licensing and conduct.
208-630 – Check Cashers and Sellers Act
Regulates payday lending and small loan programs.
Money Services Businesses
208-690 – Uniform Money Services Act
Governs money transmitters, currency exchangers, and stored value providers.
Securities
208-512A – Securities regulation
Aligns with the Securities Act of Washington, enforcing investor protections.
Cross-References (See also):
Title 50 – Employment Security Department
(Relevant for certain financial institutions' unemployment matters)
Title 419 – Student Loan Advocate (financial regulation of student loan servicers)
Title 460 – Securities Division
Although housed under DFI, securities rules are also detailed in their own title (460).
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