Washington State Department of Financial Institutions

DCU Bulletin
Final Rule on Other Real Estate Owned (OREO)

December 10, 2009

NO: B-09-10

On November 24, 2009, the Department of Financial Institutions (DFI) filed the final rule (CR-103, WSR 09-24-050) on OREO with the Washington State Register.

The new rule on the management of OREO will take effect December 31, 2009.

The adopted rule language and CR-103 final rule for OREO is available on the DFI website at: http://dfi.wa.gov/cu/rulemaking.htm.

For questions regarding OREO, you can contact the Director of Credit Unions, Linda Jekel, at 360-902-8778 or Linda.Jekel@dfi.wa.gov.