BILL REQ. #:  S-4168.1 

Read first time 01/16/2006.   Referred to Committee on Financial Institutions, Housing & Consumer Protection.

     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 contains information required by federal law to be disclosed in 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 is made for credit relating to the retail installment contract.