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 208-630-506. What are my obligations if the borrower notifies me that he or she will be or is unable to pay the small loan on time?
Latest version.
- You must inform the borrower that he or she has a right to convert the small loan to an installment plan. See WAC 208-630-520.[Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. WSR 09-24-089, § 208-630-506, filed 12/1/09, effective 1/1/10.]
RCW 43.320.040, 31.45.200, and 2009 c 510. WSR 09-24-089, § 208-630-506, filed 12/1/09, effective 1/1/10.
Rules
208-630-520,