HOUSE BILL REPORT

SB 6065

BYSenator Nelson

Changing length of time collection agencies must preserve records.

House Committe on Commerce & Labor

Majority Report:  Do pass.  (11)

      Signed by Representatives Wang, Chair; Cole, Vice Chair; Fisch, Fisher, R. King, O'Brien, Patrick, Sanders, Sayan, C. Smith and Walker.

House Staff:Joan Elgee (786-7166)

AS PASSED HOUSE APRIL 9, 1987

BACKGROUND:

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

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:      Not Requested.

House Committee ‑ Testified For:    Benita McCormack, Washington Collector's Association.

House Committee - Testified Against:      None Presented.

House Committee - Testimony For:    The change in length of record retention will make the requirement more consistent with other retention periods.

House Committee - Testimony Against:      None Presented.