AN
ACT Relating to the rates of interest and other fees charged by pawnbrokers;
and amending RCW 19.60.060.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
Sec.
1. RCW
19.60.060 and 1995 c 133 s 2 are each amended to read as follows:
All
pawnbrokers are authorized to charge and receive interest and other fees at the
following rates for money on the security of personal property actually
received in pledge:
(1)
The interest for the loan period shall not exceed:
(a)
For an amount loaned up to $9.99 ‑ interest at $1.00 for each thirty-day
period to include the loan date.
(b)
For an amount loaned from $10.00 to $19.99 ‑ interest at the rate of
$1.25 for each thirty-day period to include the loan date.
(c)
For an amount loaned from $20.00 to $24.99 ‑ interest at the rate of $((1.50))
2.00 for each thirty-day period to include the loan date.
(d)
For an amount loaned from $25.00 to $34.99 ‑ interest at the rate of $((1.75))
2.25 for each thirty-day period to include the loan date.
(e)
For an amount loaned from $35.00 to $39.99 ‑ interest at the rate of $((2.00))
2.50 for each thirty-day period to include the loan date.
(f)
For an amount loaned from $40.00 to $49.99 ‑ interest at the rate of $((2.25))
2.75 for each thirty-day period to include the loan date.
(g)
For the amount loaned from $50.00 to $59.99 ‑ interest at the rate of $((2.50))
3.00 for each thirty-day period to include the loan date.
(h)
For the amount loaned from $60.00 to $69.99 ‑ interest at the rate of $((2.75))
3.25 for each thirty-day period to include the loan date.
(i)
For the amount loaned from $70.00 to $79.99 ‑ interest at the rate of $((3.00))
3.50 for each thirty-day period to include the loan date.
(j)
For the amount loaned from $80.00 to $89.99 ‑ interest at the rate of $((3.25))
3.75 for each thirty-day period to include the loan date.
(k)
For the amount loaned from $90.00 to $99.99 ‑ interest at the rate of $((3.50))
4.00 for each thirty-day period to include the loan date.
(l)
For the amount loaned from $100.00 or more ‑ interest at the rate of ((three))
five percent for each thirty-day period to include the loan date.
(2)
The fee for the preparation of loan documents, pledges, or reports required
under the laws of the United States of America, the state of Washington, or the
counties, cities, towns, or other political subdivisions thereof, shall not
exceed:
(a)
For the amount loaned up to $4.99 ‑ the sum of $.50;
(b)
For the amount loaned from $5.00 to $9.99 ‑ the sum of $2.00;
(c)
For the amount loaned from $10.00 to $14.99 ‑ the sum of $((3.00))
3.50;
(d)
For the amount loaned from $15.00 to $19.99 ‑ the sum of $((3.50))
4.00.
(e)
For the amount loaned from $20.00 to $24.99 ‑ the sum of $((4.00))
4.50.
(f)
For the amount loaned from $25.00 to $29.99 ‑ the sum of $((4.50))
5.00.
(g)
For the amount loaned from $30.00 to $34.99 ‑ the sum of $((5.00))
6.00.
(h)
For the amount loaned from $35.00 to $39.99 ‑ the sum of $((5.50))
6.50.
(i)
For the amount loaned from $40.00 to $44.99 ‑ the sum of $((6.00))
7.00.
(j)
For the amount loaned from $45.00 to $49.99 ‑ the sum of $((6.50))
7.50.
(k)
For the amount loaned from $50.00 to $54.99 ‑ the sum of $((7.00))
8.00.
(l)
For the amount loaned from $55.00 to $59.99 ‑ the sum of $((7.50))
8.50.
(m)
For the amount loaned from $60.00 to $64.99 ‑ the sum of $((8.00))
9.00.
(n)
For the amount loaned from $65.00 to $69.99 ‑ the sum of $((8.50))
9.50.
(o)
For the amount loaned from $70.00 to $74.99 ‑ the sum of $((9.00))
10.00.
(p)
For the amount loaned from $75.00 to $79.99 ‑ the sum of $((9.50))
10.50.
(q)
For the amount loaned from $80.00 to $84.99 ‑ the sum of $((10.00))
11.00.
(r)
For the amount loaned from $85.00 to $89.99 ‑ the sum of $((10.50))
11.50.
(s)
For the amount loaned from $90.00 to $94.99 ‑ the sum of $((11.00))
12.00.
(t)
For the amount loaned from $95.00 to $99.99 ‑ the sum of $((11.50))
12.50.
(u)
For the amount loaned from $100.00 to $104.99 ‑ the sum of $((12.00))
14.00.
(v)
For the amount loaned from $105.00 to $109.99 ‑ the sum of $((12.25))
14.25.
(w)
For the amount loaned from $110.00 to $114.99 ‑ the sum of $((12.75))
14.75.
(x)
For the amount loaned from $115.00 to $119.99 ‑ the sum of $((13.25))
15.25.
(y)
For the amount loaned from $120.00 to $124.99 ‑ the sum of $((13.50))
15.50.
(z)
For the amount loaned from $125.00 to $129.99 ‑ the sum of $((13.75))
15.75.
(aa)
For the amount loaned from $130.00 to $149.99 ‑ the sum of $((14.50))
16.50.
(bb)
For the amount loaned from $150.00 to $174.99 ‑ the sum of $((14.75))
16.75.
(cc)
For the amount loaned from $175.00 to $199.99 ‑ the sum of $((15.00))
17.00.
(dd)
For the amount loaned from $200.00 to $224.99 ‑ the sum of $((16.00))
18.50.
(ee)
For the amount loaned from $225.00 to $249.99 ‑ the sum of $((17.00))
19.50.
(ff)
For the amount loaned from $250.00 to $274.99 ‑ the sum of $((18.00))
20.50.
(gg)
For the amount loaned from $275.00 to $299.99 ‑ the sum of $((19.00))
21.50.
(hh)
For the amount loaned from $300.00 to $324.99 ‑ the sum of $((20.00))
22.50.
(ii)
For the amount loaned from $325.00 to $349.99 ‑ the sum of $((21.00))
23.50.
(jj)
For the amount loaned from $350.00 to $374.99 ‑ the sum of $((22.00))
24.50.
(kk)
For the amount loaned from $375.00 to $399.99 ‑ the sum of $((23.00))
25.50.
(ll)
For the amount loaned from $400.00 to $424.99 ‑ the sum of $((24.00))
26.50.
(mm)
For the amount loaned from $425.00 to $449.99 ‑ the sum of $((25.00))
27.50.
(nn)
For the amount loaned from $450.00 to $474.99 ‑ the sum of $((26.00))
28.50.
(oo)
For the amount loaned from $475.00 to $499.99 ‑ the sum of $((27.00))
29.50.
(pp)
For the amount loaned from $500.00 to $524.99 ‑ the sum of $((28.00))
31.00.
(qq)
For the amount loaned from $525.00 to $549.99 ‑ the sum of $((29.00))
32.00.
(rr)
For the amount loaned from $550.00 to $599.99 ‑ the sum of $((30.00))
33.00.
(ss)
For the amount loaned from $600.00 to $699.99 ‑ the sum of $((35.00))
38.00.
(tt)
For the amount loaned from $700.00 to $799.99 ‑ the sum of $((40.00))
43.00.
(uu)
For the amount loaned from $800.00 to $899.99 ‑ the sum of $((40.00))
45.00.
(vv)
For the amount loaned from $900.00 to $999.99 ‑ the sum of $((50.00))
53.00.
(ww)
For the amount loaned from $1000.00 to $1499.99 ‑ the sum of $((55.00))
58.00.
(xx)
For the amount loaned from $1500.00 to $1999.99 ‑ the sum of $((60.00))
63.00.
(yy)
For the amount loaned from $2000.00 to $2499.99 ‑ the sum of $((65.00))
68.00.
(zz)
For the amount loaned from $2500.00 to $2999.99 ‑ the sum of $((70.00))
73.00.
(aaa)
For the amount loaned from $3000.00 to $3499.99 ‑ the sum of $((75.00))
78.00.
(bbb)
For the amount loaned from $3500.00 to $3999.99 ‑ the sum of $((80.00))
83.00.
(ccc)
For the amount loaned from $4000.00 to $4499.99 ‑ the sum of $((85.00))
88.00.
(ddd)
For the amount loaned from $4500.00 or more ‑ the sum of $((90.00))
93.00.
(3)
Fees under subsection (2) of this section may be charged one time only for each
loan period; no additional fees, other than interest allowed under subsection
(1) of this section, shall be charged for making the loan.
A copy of this section, set in twelve point type or larger, shall
be posted prominently in each premises subject to this chapter.
