BILL REQ. #:  S-4748.1 



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SUBSTITUTE SENATE BILL 6570
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State of Washington59th Legislature2006 Regular Session

By Senate Committee on Financial Institutions, Housing & Consumer Protection (originally sponsored by Senators Fairley, Benton, Berkey and Honeyford)

READ FIRST TIME 02/01/06.   



     AN ACT Relating to retail installment contracts for motor vehicles; and adding a new section to chapter 63.14 RCW.

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

NEW SECTION.  Sec. 1   A new section is added to chapter 63.14 RCW to read as follows:
     If a retail installment contract for the purchase of a motor vehicle meets the requirements of this chapter and meets the requirements of any federal law applicable to a retail installment contract for the purchase of a motor vehicle, the retail installment contract shall be accepted for consideration by any lender, except for lenders licensed and regulated under the provisions of chapter 31.04 RCW, to whom application for credit relating to the retail installment contract is made.

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