Statutes, codes, and regulations
Washington Administrative Code
Title 308 - Licensing, Department of (See also Titles 36, 98 and 196)
Chapter 308-29 - Collection agencies and repossession services
Section 308-29-070 - Disclosure of rate of interest

Wash. Admin. Code § 308-29-070

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Current through Register Vol. 24-12, June 15, 2024
Section 308-29-070 - Disclosure of rate of interest

Whenever a collection agency is required pursuant to RCW 19.16.250(8)(c) to disclose to the debtor that interest charges are being added to the original obligation, the collection agency must also disclose to the debtor the rate of interest. The rate of interest cannot exceed the legal maximum rate established in chapter 19.52 RCW.

Wash. Admin. Code § 308-29-070

Statutory Authority: [RCW 19.16.410 ]. 01-11-132, § 308-29-070, filed 5/22/01, effective 6/22/01; 87-11-064 (Order PM 653), § 308-29-070, filed 5/20/87; 86-14-051 (Order PM 602), § 308-29-070, filed 6/27/86.