6173-S AMS WOJA S5235.4
SSB 6173 - S AMD - 158
By Senators Wojahn, Deccio, Moyer, Thibaudeau, Pelz, Wood, Schow, Fairley
RULED OUT OF SCOPE AND OBJECT 2/12/96
On page 10, after line 15, insert the following:
"NEW SECTION. Sec. 6. A new section is added to chapter 46.70 RCW to read as follows:
At the time of licensing, registration, title verification, transfer of title, perfecting title, or releasing or satisfying a lien or other security for any motor vehicle, the dealer shall collect a documentary service fee of at least ten dollars and may collect up to fifteen dollars. Ten dollars of the fee shall be transmitted to the department for deposit in the emergency medical services and trauma care system trust account. Subagents shall collect the ten dollar fee when performing any function listed in this section, and such fee shall be transmitted to the department for deposit in the emergency medical services and trauma care system trust account under this section."
Renumber the sections consecutively and correct any internal references accordingly.
SSB 6173 - S AMD - 158
By Senators Wojahn, Deccio, Moyer, Thibaudeau, Pelz, Wood, Schow, Fairley
RULED OUT OF SCOPE AND OBJECT 2/12/96
On page 11, line 16, after "order." insert "Any documentary service fee charged by a dealer for licensing, registration, title verification, transfer of title, perfecting title, or releasing or satisfying a lien or other security interest in an amount not to exceed a total of fifteen dollars per vehicle sale or vehicle lease shall not be considered a violation of subsection (1) or (2) of this section. Dealers are required to disclose in any advertisement that a documentary service fee in an amount not to exceed fifteen dollars may be added to the sale price."
SSB 6173 - S AMD - 158
By Senators Wojahn, Deccio, Moyer, Thibaudeau, Pelz, Wood, Schow, Fairley
RULED OUT OF SCOPE AND OBJECT 2/12/96
On page 15, after line 32, insert the following:
"Sec. 7. RCW 63.14.010 and 1993 sp.s. c 5 s 1 are each amended to read as follows:
In this chapter, unless the context otherwise requires:
(1) "Goods" means all chattels personal when purchased primarily for personal, family, or household use and not for commercial or business use, but not including money or, except as provided in the next sentence, things in action. The term includes but is not limited to merchandise certificates or coupons, issued by a retail seller, to be used in their face amount in lieu of cash in exchange for goods or services sold by such a seller and goods which, at the time of sale or subsequently, are to be so affixed to real property as to become a part thereof, whether or not severable therefrom;
(2) "Lender credit card" means a card or device under a lender credit card agreement pursuant to which the issuer gives to a cardholder residing in this state the privilege of obtaining credit from the issuer or other persons in purchasing or leasing property or services, obtaining loans, or otherwise, and the issuer of which is not: (a) Principally engaged in the business of selling goods; or (b) a financial institution;
(3) "Lender credit card agreement" means an agreement entered into or performed in this state prescribing the terms of retail installment transactions pursuant to which the issuer may, with the buyer's consent, purchase or acquire one or more retail sellers' indebtedness of the buyer under a sales slip or memorandum evidencing the purchase, lease, loan, or otherwise to be paid in accordance with the agreement. The issuer of a lender credit card agreement shall not be principally engaged in the business of selling goods or be a financial institution;
(4) "Financial institution" means any bank or trust company, mutual savings bank, credit union, or savings and loan association organized pursuant to the laws of any one of the United States of America or the United States of America, or the laws of a foreign country if also qualified to conduct business in any one of the United States of America or pursuant to the laws of the United States of America;
(5) "Services" means work, labor, or services of any kind when purchased primarily for personal, family, or household use and not for commercial or business use whether or not furnished in connection with the delivery, installation, servicing, repair, or improvement of goods and includes repairs, alterations, or improvements upon or in connection with real property, but does not include services for which the price charged is required by law to be determined or approved by or to be filed, subject to approval or disapproval, with the United States or any state, or any department, division, agency, officer, or official of either as in the case of transportation services;
(6) "Retail buyer" or "buyer" means a person who buys or agrees to buy goods or obtain services or agrees to have services rendered or furnished, from a retail seller;
(7) "Retail seller" or "seller" means a person engaged in the business of selling goods or services to retail buyers;
(8) "Retail installment transaction" means any transaction in which a retail buyer purchases goods or services from a retail seller pursuant to a retail installment contract, a retail charge agreement, or a lender credit card agreement, as defined in this section, which provides for a service charge, as defined in this section, and under which the buyer agrees to pay the unpaid balance in one or more installments or which provides for no service charge and under which the buyer agrees to pay the unpaid balance in more than four installments;
(9) "Retail installment contract" or "contract" means a contract, other than a retail charge agreement, a lender credit card agreement, or an instrument reflecting a sale made pursuant thereto, entered into or performed in this state for a retail installment transaction. The term "retail installment contract" may include a chattel mortgage, a conditional sale contract, and a contract in the form of a bailment or a lease if the bailee or lessee contracts to pay as compensation for their use a sum substantially equivalent to or in excess of the value of the goods sold and if it is agreed that the bailee or lessee is bound to become, or for no other or a merely nominal consideration, has the option of becoming the owner of the goods upon full compliance with the provisions of the bailment or lease. The term "retail installment contract" does not include: (a) A "consumer lease," heretofore or hereafter entered into, as defined in RCW 63.10.020; (b) a lease which would constitute such "consumer lease" but for the fact that: (i) It was entered into before April 29, 1983; (ii) the lessee was not a natural person; (iii) the lease was not primarily for personal, family, or household purposes; or (iv) the total contractual obligations exceeded twenty-five thousand dollars; or (c) a lease-purchase agreement under chapter 63.19 RCW;
(10) "Retail charge agreement," "revolving charge agreement," or "charge agreement" means an agreement between a retail buyer and a retail seller that is entered into or performed in this state and that prescribes the terms of retail installment transactions with one or more sellers which may be made thereunder from time to time and under the terms of which a service charge, as defined in this section, is to be computed in relation to the buyer's unpaid balance from time to time;
(11) "Service charge" however denominated or expressed, means the amount which is paid or payable for the privilege of purchasing goods or services to be paid for by the buyer in installments over a period of time. It does not include the amount, if any, charged for insurance premiums, delinquency charges, attorneys' fees, court costs, the vehicle dealer documentary service fee as provided in section 5 of this act, or official fees;
(12) "Sale price" means the price for which the seller would have sold or furnished to the buyer, and the buyer would have bought or obtained from the seller, the goods or services which are the subject matter of a retail installment transaction. The sale price may include any taxes, registration and license fees, any vehicle dealer documentary fee as provided for in section 5 of this act and charges for transferring vehicle titles, delivery, installation, servicing, repairs, alterations, or improvements;
(13) "Official fees" means the amount of the fees prescribed by law and payable to the state, county, or other governmental agency for filing, recording, or otherwise perfecting, and releasing or satisfying, a retained title, lien, or other security interest created by a retail installment transaction;
(14) "Time balance" means the principal balance plus the service charge;
(15) "Principal balance" means the sale price of the goods or services which are the subject matter of a retail installment contract less the amount of the buyer's down payment in money or goods or both, plus the amounts, if any, included therein, if a separate identified charge is made therefor and stated in the contract, for insurance, any vehicle dealer documentary service fee, and official fees;
(16) "Person" means an individual, partnership, joint venture, corporation, association, or any other group, however organized;
(17) "Rate" means the percentage which, when multiplied times the outstanding balance for each month or other installment period, yields the amount of the service charge for such month or period.
Sec. 8. RCW 63.14.130 and 1992 c 193 s 1 are each amended to read as follows:
The service charge shall be inclusive of all charges incident to investigating and making the retail installment contract or charge agreement and for the privilege of making the installment payments thereunder and no other fee, expense or charge whatsoever shall be taken, received, reserved or contracted therefor from the buyer, except for any vehicle dealer documentary service fee as provided for in section 5 of this act.
(1) The service charge, in a retail installment contract, shall not exceed the dollar amount or rate agreed to by contract and disclosed under RCW 63.14.040(1)(7)(g).
(2) The service charge in a retail charge agreement, revolving charge agreement, lender credit card agreement, or charge agreement, shall not exceed the schedule or rate agreed to by contract and disclosed under RCW 63.14.120(1). If the service charge so computed is less than one dollar for any month, then one dollar may be charged."
Renumber the sections consecutively and correct any internal references accordingly.
SSB 6173 - S AMD - 158
By Senators Wojahn, Deccio, Moyer, Thibaudeau, Pelz, Wood, Schow, Fairley
RULED OUT OF SCOPE AND OBJECT 2/12/96
On page 1, line 2 of the title, after "46.70.130," strike "and" and after "46.70.180" insert ", 63.14.010, and 63.14.130"
On page 1, line 2 of the title, after "46.70.180;" insert "adding a new section to chapter 46.70 RCW;"
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