FINAL BILL REPORT

SB 6065

                                   C 85 L 87

BYSenator Nelson

Changing length of time collection agencies must preserve records.

Senate Committee on Commerce & Labor

House Committe on Commerce & Labor

SYNOPSIS AS ENACTED

BACKGROUND:

Collection agencies licensed under Chapter 19.16 RCW are required to keep accounting records, collections and payments for a period of six years from the last entry on an account.

SUMMARY:

The time period for which licensed collection agencies must keep records of payments and collections is reduced from six to four years.

VOTES ON FINAL PASSAGE:

      Senate    46     3

      House 94   0

EFFECTIVE:July 26, 1987