Form F625 008 000 PDF Details

In today's dynamic legal landscape, understanding the nuanced requirements of regulatory compliance is crucial for businesses, especially for those operating within the construction industry in Washington State. The F625 008 000 form represents an essential document in this regard, crafted to streamline the process of fulfilling specific state mandates stipulated under RCW 18.27.040. This form is a legally binding agreement between contractors and the Department of Labor and Industries, ensuring that a cash deposit is securely held in an assigned savings account at a Washington State bank. It serves a dual purpose: safeguarding the interests of stakeholders and complying with state regulations. The completion and submission of this document involve a series of straightforward steps, beginning with the contractor assigning, transferring, and setting over all rights, title, and interest in a certain deposit amount, thereby granting the state of Washington full authority to manage these funds. Furthermore, this document specifies that the deposited funds can only be released under direct authorization from the Department of Labor and Industries, emphasizing the stringent control measures in place to protect all parties involved. Detailed within are sections for the bank to complete, including business and account information, which must be endorsed by both the depositor and a sanctioned bank officer — all solidified by official notarization to ensure authenticity and compliance. The provision that the deposit must remain on file for two years after the registration's expiration date underscores the long-term commitment to fiscal responsibility and regulatory adherence. Overall, the F625 008 000 form is a vital instrument in the contractor registration process, embodying the meticulous approach required for successful operation within Washington State's construction sector.

QuestionAnswer
Form NameForm F625 008 000
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names625008af state of washington assigned savings account form

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Mail original completed form to:

Department of Labor and Industries

Contractor Registration

PO Box 44450

Olympia WA 98504-4450

Assigned Savings Account

Washington State Banks Only

This assignment is for the purpose of fulfilling the requirement of RCW 18.27.040.

The undersigned does hereby assign, transfer and set over unto the state of Washington all rights, title and interest with full power and authority to demand, collect and receive said deposit. The deposit will only be released as directed by the Department of Labor and Industries within 30 days notice on demand and with no other conditions of release.

ASSIGNED SAVINGS ACCOUNT INFORMATION

To be completed by Bank Officer

BUSINESS NAME: __________________________________________________________________

ACCOUNT NUMBER: _______________________________________________________________

AMOUNT OF ACCOUNT BEING HELD: _________________________________________________

NAME OF BANK: ___________________________________________________________________

BANK MAILING ADDRESS: __________________________________________________________________________

Mailing address

__________________________________________________________________________

CityState Zip Code

DEPOSITOR: (Print name) ___________________________________________________________

SIGNATURE OF DEPOSITOR: ___________________________________________________DATE:_______________

ACCEPTANCE

The undersigned hereby accepts the foregoing assigned savings account and agrees to hold the funds until an authorized release is received by the Department of Labor and Industries

SIGNATURE OF BANK OFFICER: ________________________________________________DATE:_______________

BANK PHONE NUMBER: ____________________________________________________________

BANK OFFICER: (Print name) ________________________________________________________

TITLE: ___________________________________________________________________________

NOTARIZATION OF BANK OFFICER

State of Washington

Signed or attested

County of ___________________________ before me on_________________________

Notary Seal

 

By_________________________________ Signature_____________________________

Printed name of Bank Officer

Notary Signature

My Commission expires: ________________________

A cash deposit must remain on file with the Department of Labor and Industries for two years after

your registration expires.

F625-008-000 assigned savings account 10-2008

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1. You will want to fill out the Form F625 008 000 accurately, therefore be attentive while working with the areas comprising these fields:

Find out how to fill in Form F625 008 000 step 1

2. Just after completing the previous step, go to the next part and fill in all required details in these blanks - State of Washington Signed or, A cash deposit must remain on file, your registration expires, and F assigned savings account.

your registration expires, State of Washington Signed or, and A cash deposit must remain on file of Form F625 008 000

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