BILL REQ. #: H-1464.1

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HOUSE BILL 1901
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State of Washington

59th Legislature

2005 Regular Session

By Representatives Wallace, Hankins, Haigh, Dickerson, Hudgins, B. Sullivan, Lovick, Darneille and Chase

Read first time 02/09/2005. Referred to Committee on Financial Institutions & Insurance.

AN ACT Relating to credit cards; and adding a new chapter to Title 19 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1   (1) For the purposes of this section:
     (a) "Credit card" means a card, plate, booklet, credit card number, credit card account number, or other identifying symbol, instrument, or device that can be used to pay for, or to obtain, credit, goods, or services.
     (b) "Financial institution" means a bank, trust company, mutual savings bank, savings and loan association, or credit union authorized to do business and accept deposits in this state under state law.
     (2) A financial institution may not mail an unsolicited credit card that may be activated by a phone call to a prospective borrower. This section does not prohibit a financial institution from soliciting applications for credit cards from a prospective borrower. This section does not prohibit a financial institution from mailing a credit card to a prospective borrower who has asked in writing for the credit card.

NEW SECTION. Sec. 2 Section 1 of this act constitutes a new chapter in Title 19 RCW.

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