SB 5547 -
By Senator Nelson
NOT CONSIDERED 05/25/2011
On page 3, after line 13, insert the following:
"Sec. 2 RCW 31.45.200 and 1994 c 92 s 291 are each amended to
read as follows:
(1) The director has the power, and broad administrative
discretion, to administer and interpret the provisions of this chapter
to ensure the protection of the public.
(2) The director or designated persons, with or without prior
administrative action, may bring an action in superior court to enjoin
the acts or practices that constitute violations of this chapter and to
enforce compliance with this chapter or any rule or order made under
this chapter. Upon proper showing, injunctive relief or a temporary
restraining order shall be granted. The director shall not be required
to post a bond in any court proceedings."
SB 5547 -
By Senator Nelson
NOT CONSIDERED 05/25/2011
On page 1, line 1 of the title, after "removing the" strike the remainder of the title and insert "small loan cap and enforcement provisions under the check cashers and sellers act; and amending RCW 31.45.073 and 31.45.200."
EFFECT: Provides the Department of Financial Institutions with the authority and option of filing an action in superior court to enforce compliance with the Check Cashers and Sellers Act, including compliance actions against out-of-state unlicensed internet payday lenders.