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 208-630-506 - 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?

Universal Citation: WA Admin Code 208-630-506

Current through Register Vol. 24-18, September 15, 2024

You must inform the borrower that he or she has a right to convert the small loan to an installment plan. See WAC 208-630-520.

Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. 09-24-089, § 208-630-506, filed 12/1/09, effective 1/1/10.

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