 |
Washington Administrative Code (Last Updated: November 23, 2016) |
 |
Title 208. Financial Institutions, Department of (See Titles 50, 419, and 460) |
|
Chapter 208-630. Regulation of check cashers and sellers and small loans (payday lenders). |
Section 208-630-120. What does a business have to do to operate as a check casher and seller, or to make small loans as a payday lender?
Latest version.
- (1) In order to engage in the business of check cashing and selling, a business must apply for and obtain from the department a check cashing or selling license.(2) In order to make payday loans (small loans), a business must first obtain a license as a check casher or seller and then obtain a small loan endorsement to that license.[Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. WSR 09-24-089, § 208-630-120, filed 12/1/09, effective 1/1/10. Statutory Authority: RCW 31.04.165, 43.320.040, 31.45.030, 31.45.050, 31.45.200. WSR 05-22-009, § 208-630-120, filed 10/21/05, effective 11/21/05.]
RCW 43.320.040, 31.45.200, and 2009 c 510. WSR 09-24-089, § 208-630-120, filed 12/1/09, effective 1/1/10. Statutory Authority: RCW 31.04.165, 43.320.040, 31.45.030, 31.45.050, 31.45.200. WSR 05-22-009, § 208-630-120, filed 10/21/05, effective 11/21/05.