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 208-630-461 - What is the maximum amount that all licensees may lend to a borrower?
- Section 208-630-462 - What documentation is acceptable as proof of the borrower's gross monthly income?
- Section 208-630-463 - What is the maximum number of small loans that may be made to a single borrower in any twelve-month period?
- Section 208-630-464 - What documentation is acceptable as proof of the borrower's identity?
- Section 208-630-466 - What fees can I charge on a small loan?
- Section 208-630-470 - What types of information must a licensee include on a borrower's application for a small loan?
- Section 208-630-480 - How must a licensee maintain customer small loan applications?
- Section 208-630-490 - What information must the note or small loan agreement contain?
- Section 208-630-500 - When must a licensee provide a note or small loan agreement to the borrower?
- Section 208-630-501 - How must I determine the due date on the loan?
- Section 208-630-505 - What process must I follow when a borrower pays off a small loan, or makes a payment toward an installment plan, with cash?
- 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?
- Section 208-630-510 - When does a borrower have a right to enter into an installment plan?
- Section 208-630-520 - If a borrower and licensee enter into an installment plan, what are the terms of the installment plan?
- Section 208-630-530 - If a borrower and licensee enter into an installment plan, how must the payments be structured?
- Section 208-630-531 - May I charge any fees if a borrower decides to convert their loan to an installment plan?
- Section 208-630-532 - May I make a small loan to a borrower who is in default on another small loan?
- Section 208-630-533 - May I make a small loan to a borrower who is in an installment plan?
- Section 208-630-5401 - What duties and restrictions must a licensee comply with when making loans to military borrowers?
- Section 208-630-542 - What fees may I charge or collect when a borrower defaults on a small loan?
- Section 208-630-543 - What are the specifications required of the communication log in RCW 31.45.082(4)?
- Section 208-630-544 - May I allow a borrower to refinance a small loan with another small loan?
- Section 208-630-545 - How do I use a trade name when conducting business?
- Section 208-630-546 - What is the limit on the number of checks I may hold from one borrower?
- Section 208-630-547 - May I continue to hold the borrower's original check or ACH authorization once the borrower has converted the loan to an installment plan?
- Section 208-630-548 - May I hold postdated checks for the installment plan payments?
- Section 208-630-549 - May I charge the borrower additional fees if the borrower defaults on an installment plan?
- Section 208-630-551 - May I charge a fee to cash monetary instruments I issue as proceeds of a small loan?
- Section 208-630-555 - What is the purpose of the data base?
- Section 208-630-556 - How do I use the data base system for small loan transactions?
- Section 208-630-560 - What disclosures must I make to a borrower?
- Section 208-630-570 - What must be included in the disclosure referred to in WAC 208-630-560(2)?
- Section 208-630-580 - In addition to providing disclosures to the borrower, must I post any disclosures?
- Section 208-630-590 - How must I format disclosures?
- Section 208-630-600 - What documentation must a licensee keep to show that the licensee has made the proper disclosures?
- Section 208-630-601 - Must I provide any information about the changes to the law to borrowers?
Disclaimer: These regulations may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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