Survey Due June 30, 2017
Washington State nonprofit debt adjustors must provide data required by Substitute House Bill 1283 to the Washington State Department of Financial Institutions by June 30, 2017.
Pursuant to Substitute House Bill 1283 (Chapter 167, Laws of 2015), nonprofit organizations engaging in debt adjusting in Washington State or exempt from the chapter pursuant to RCW 18.28.010(1)(g) must provide specific information and documents to the Department no later than June 30, 2017. Your submission to the Department must include:
- A completed Survey Spreadsheet. If you do not wish to utilize the spreadsheet, your submission must, in a coherent manner, include all the same data contained in the spreadsheet.
- Copies of the Form 990s submitted to the IRS in 2016 and 2017. If the forms do not contain the previous year’s base salary and other compensation of your officers, directors, trustees, and other employees and independent contractors receiving greater than $150,000 in total compensation, you must provide a statement providing this information in addition to the form 990s. If you did not file a Form 990, you must provide just a statement containing the information above.
Your documents must be emailed to Devon Phelps at email@example.com no later than June 30, 2017. If you have questions or need assistance, please contact Devon Phelps via the email address listed above or at 360-664-7894.
About the Survey
Substitute House Bill 1283 (chapter 167, Laws of 2015) which became effective July 24, 2015, requires any nonprofit organization engaged in debt adjusting in this state or exempt from the chapter pursuant to RCW18.28.010(1)(g) to report certain information to DFI by June 30, 2016 and June 30, 2017.
If you meet exemption (a), (b), (c), (d), or (e) or a combination thereof, of RCW 18.28.010, you need NOT provide this information.
Survey Spreadsheet and Instructions - Significant Changes
Please note: Due to receiving a number of inquiries about last year’s survey, DFI has created a new spreadsheet. There are significant changes to the spreadsheet and instructions. DO NOT use last year’s spreadsheet to submit this year’s survey response.
Please carefully review the instructions before completing the spreadsheet. You will provide your 2016 data to us by June 30, 2017. We will then report the data to the legislature in December of 2017.
Letter Sent to Nonprofit Debt Adjustors
April 12, 2017
If you have questions about the survey please contact: