(1) A person engaged in trust business in this state by use of the internet is subject to regulation by the department under this title, unless it is: (a) An out-of-state trust institution approved under chapter 30B.38 RCW or acting under authority of RCW 30B.72.010; or (b) An exempt person under RCW 30B.04.040. (2) The director may adopt rules specific to the regulation of internet trust businesses in the interest of protecting Washington state citizens.
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