BILL REQ. #:  H-5593.1 



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HOUSE BILL 3213
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State of Washington61st Legislature2010 Regular Session

By Representatives Nelson, Roberts, Ormsby, Green, Darneille, Hunt, Chase, Cody, Orwall, White, McCoy, and Appleton

Read first time 03/09/10.   Referred to Committee on Financial Institutions & Insurance.



     AN ACT Relating to placing limitations on making small loans; adding a new section to chapter 31.04 RCW; and adding a new section to chapter 31.45 RCW.

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

NEW SECTION.  Sec. 1   A new section is added to chapter 31.04 RCW to read as follows:
     No licensee may make a loan to a borrower under this chapter if that borrower has an outstanding small loan with that licensee that was made under chapter 31.45 RCW.

NEW SECTION.  Sec. 2   A new section is added to chapter 31.45 RCW to read as follows:
     No licensee may make a small loan to a borrower under this chapter if that borrower has an outstanding loan with that licensee that was made under chapter 31.04 RCW.

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