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Washington Administrative Code (Last Updated: November 23, 2016) |
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Title 208. Financial Institutions, Department of (See Titles 50, 419, and 460) |
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Chapter 208-630. Regulation of check cashers and sellers and small loans (payday lenders). |
Section 208-630-136. If I am licensed to provide small loan agent services, what activities may I engage in?
Latest version.
- The small loan agent services license is a limited license. You may only provide the following services:(1) Marketing and advertising small loans;(2) Collecting nonpublic personal information, including social security, bank account, or credit card numbers, from consumers in anticipation of selling the information to potential licensed lenders or other entities providing small loan agent services;(3) Assisting consumers in completing small loan documentation;(4) Providing required disclosures;(5) Collecting on small loans if licensed under chapter 19.16 RCW or exempt from that chapter or otherwise authorized under Washington law to act as a collection agent.