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                                                   SENATE BILL NO. 6065

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                                                                            C 085 L 87

State of Washington                              50th Legislature                              1987 Regular Session

By Senator Nelson

Read first time 3/9/87 and referred to Committee on Commerce & Labor.

AN ACT Relating to the preservation of records of collection agencies; and amending RCW 19.16.230.

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

        Sec. 1.  Section 14, chapter 253, Laws of 1971 ex. sess. as amended by section 3, chapter 20, Laws of 1973 1st ex. sess. and RCW 19.16.230 are each amended to read as follows:

          (1) Every licensee required to keep and maintain records pursuant to this section shall establish and maintain a regular active business office in the state of Washington for the purpose of conducting his or its collection agency business.  Said office must be open to the public during reasonable stated business hours, and must be managed by a resident of the state of Washington.

          (2) Every licensee shall keep a record of all sums collected by him or it and all disbursements made by him or it.  All such records shall be kept at the business office referred to in subsection (1) of this section.

          (3) Licensees shall maintain and preserve accounting records of collections and payments to customers for a period of ((six)) four years from the date of the last entry thereon.

                                                                                                                          Passed the Senate March 20, 1987.

                                                                                                                                       President of the Senate.

                                                                                                                             Passed the House April 9, 1987.

                                                                                                                                         Speaker of the House.