Subject of Possible Rule Making: Fee increase related to information system required pursuant to the Check Casher and Seller Act, chapter 31.45 RCW. This rule making would amend WAC 208-630-556 (11) and (13).

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Since January 1, 2010, borrowers are not permitted to receive more than eight small loans from any payday lender in any 12-month period. RCW 31.45.073(4). Payday lenders are required to verify the number of small loans a borrower has received to ensure the eight small loan limit is not exceeded by checking the required information database. RCW 31.45.093; WAC 208-630-555 and 208-630-556. Payday lenders must pay $1 per small loan registered. WAC 208-630-556. This $1 fee has not been amended or increased since 2010. The division of consumer services is increasing the fee to ensure the information database can continue to be used to assist and inform lenders on a borrower's eligibility to take out a small loan.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: The Consumer Financial Protection Bureau implements a number of federal laws and regulations that industry must comply with.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Rochelle Henderson, P.O. Box 41200, Olympia, WA 98504-1200, phone 360-701-0581, email rochelle.henderson@dfi.wa.gov, website www.dfi.wa.gov.