The OCCC dilemmas a few licenses and registrations essential for different credit rating companies. Any office of credit Commissioner keeps regulatory oversight of six types of licensed industries and four kinds of subscribed companies.
Licensed companies consist of the ones that have to get functional licenses through the agency and therefore are susceptible to routine and regular study of documents, procedures, and conformity with statute and regulatory settings.
Registered companies consist of those who have to register using the agency but they are perhaps perhaps not subject to routine and examinations that are periodic. As the agency will not keep assessment and enforcement authority of these installment loans in Washington companies, it will retain the directly to investigate customer issues and complaints associated with these entities that are registered.
New Applications Procedure Notice Good September 1, 2015, all applications for a license that is new enrollment must certanly be submitted through the online system “ALECS” (Application, Licensing, Examination, Compliance System). […]