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 208-630-531 - May I charge any fees if a borrower decides to convert their loan to an installment plan?

Wash. Admin. Code § 208-630-531

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Current through Register Vol. 24-12, June 15, 2024
Section 208-630-531 - May I charge any fees if a borrower decides to convert their loan to an installment plan?

No. You may not charge any fee or interest to the borrower for converting the small loan to an installment plan as provided under RCW 31.45.084.

Wash. Admin. Code § 208-630-531

Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. 09-24-089, § 208-630-531, filed 12/1/09, effective 1/1/10.