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 208-630-531 - May I charge any fees if a borrower decides to convert their loan to an installment plan?

Universal Citation: WA Admin Code 208-630-531

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

No. You may not charge any fee or interest to the borrower for converting the small loan to an installment plan as provided under RCW 31.45.084.

Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. 09-24-089, § 208-630-531, filed 12/1/09, effective 1/1/10.

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