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WA SB5920

Bill

Status

Introduced

2/6/2009

Primary Sponsor

Donald Benton

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Origin

Senate

2009-2010 Regular Session

AI Summary

Legislative Description

Restricting the underwriting of small loans by financial institutions holding a check cashers license and small loan endorsement by including a cap of thirty percent of the borrower's gross monthly income on the combined outstanding principal balances of all small loans.

Last Action

By resolution, reintroduced and retained in present status.

3/15/2010

Committee Referrals

Rules2/25/2009
Labor, Commerce & Consumer Protection2/6/2009

Full Bill Text

No bill text available