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 208-630-533 - May I make a small loan to a borrower who is in an installment plan?

Wash. Admin. Code § 208-630-533

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Current through Register Vol. 24-12, June 15, 2024
Section 208-630-533 - May I make a small loan to a borrower who is in an installment plan?

No. You are prohibited from making a small loan to a borrower who is making payments as part of an installment plan with any licensee until after that loan is paid in full or two years have passed from the initiation date of the installment plan, whichever occurs first.

Wash. Admin. Code § 208-630-533

Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. 09-24-089, § 208-630-533, filed 12/1/09, effective 1/1/10.