35.21.698 - Regulation of financial transactions -- Limitations. - Washington Statutes

Regulation of financial transactions — Limitations.

A city, town, or governmental entity subject to this title may not regulate the terms, conditions, or disclosures of any lawful financial transaction between a consumer and (1) a business or professional under the jurisdiction of the department of financial institutions, or (2) any financial institution as defined under RCW 30.22.041.

[2005 c 338 § 2.]

Notes: Finding -- Intent--2005 c 338: "The legislature finds that consumers, financial services providers, and financial institutions need uniformity and certainty in their financial transactions. It is the intent of the legislature to reserve the authority to regulate customer financial transactions involving consumers, financial services providers, and financial institutions." [2005 c 338 § 1.]