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 208-630-506 - What are my obligations if the borrower notifies me that he or she will be or is unable to pay the small loan on time?

Wash. Admin. Code § 208-630-506

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Current through Register Vol. 24-12, June 15, 2024
Section 208-630-506 - What are my obligations if the borrower notifies me that he or she will be or is unable to pay the small loan on time?

You must inform the borrower that he or she has a right to convert the small loan to an installment plan. See WAC 208-630-520.

Wash. Admin. Code § 208-630-506

Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. 09-24-089, § 208-630-506, filed 12/1/09, effective 1/1/10.