SENATE BILL REPORT

SB 6065

BYSenator Nelson

Changing length of time collection agencies must preserve records.

Senate Committee on Commerce & Labor

Senate Hearing Date(s):March 6, 1987

Majority Report:  Do pass.

      Signed by Senators Warnke, Chairman; Smitherman, Vice Chairman; Anderson, Cantu, Lee, Sellar, Tanner, Vognild, West.

Senate Staff:Dave Cheal (786-7576)

                  March 20, 1987

AS PASSED SENATE, MARCH 20, 1987

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.

Fiscal Note:      none requested

Senate Committee - Testified: No one