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Financial Services Law Insights and Observations

Washington regulator issues Covid-19 FAQs to credit unions

State Issues Washington Credit Union Covid-19 Notary

State Issues

The Washington Department of Financial Institutions, Division of Credit Unions issued two FAQs addressing Covid-19 related issues. In the first, the division clarified that a safety deposit box is considered an essential function, and that credit unions should make every effort to allow members continued access. In the second FAQ, the division explained that the governor of Washington authorized electronic notarial acts, and that credit unions may provide remote notarial services.