Statutes, codes, and regulations
Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)Chapter 208-630 - Regulation of check cashers and sellers and small loans (payday lenders)
SMALL LOAN REQUIREMENTS (PAYDAY LENDING)
Section 208-630-505 - What process must I follow when a borrower pays off a small loan, or makes a payment toward an installment plan, with cash?

Wash. Admin. Code § 208-630-505

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Current through Register Vol. 25-01, January 1, 2025
Section 208-630-505 - What process must I follow when a borrower pays off a small loan, or makes a payment toward an installment plan, with cash?

You must prepare a receipt with information that includes, but is not limited to, the date of the payment, the borrower's name, the amount of cash received, an indication that the payment was made in cash, an indication that the payment was made on a loan or towards an installment plan, and an authorized signature, stamp, or other authenticating mark confirming you received the payment.

Wash. Admin. Code § 208-630-505

Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. 09-24-089, § 208-630-505, filed 12/1/09, effective 1/1/10. Statutory Authority: RCW 43.320.040. 07-23-094, § 208-630-505, filed 11/20/07, effective 12/21/07.