Wash. Admin. Code § 208-630-532

Current through Register Vol. 25-01, January 1, 2025

Section 208-630-532 - May I make a small loan to a borrower who is in default on another small loan?

No. You are prohibited from making a small loan to a borrower who is in default on another small loan. This prohibition expires if the small loan is paid in full or two years have passed from the origination date of the small loan, whichever occurs first.

Wash. Admin. Code § 208-630-532

Amended by WSR 16-10-046, Filed 4/29/2016, effective 6/1/2016

Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. 09-24-089, § 208-630-532, filed 12/1/09, effective 1/1/10.