WAC 308-29-020. Financial statement

Each applicant must submit a current (within prior three months) financial statement of assets and liabilities. Such statement shall be submitted in the manner and form prescribed by the director. Whenever a licensee applies for annual license renewal, such licensee must sign the renewal form that contains a certification: (1) That the collection agency's true net worth complies with the requirements of RCW 19.16.245 ; and (2) That the trust account(s) have sufficient funds to pay all obligations to clients.