Introduced by Rep. Sherry Appleton, (D-Poulsbo) (D) on January 21, 2009, clarifies and amends certain definitions in the transaction between lender and borrower of small loans. Makes adjustments in the procuring of a license to sell small loans. Repeals eight different parts of RCW 31.45 regarding interest, fees, endorsement, disclosure, military borrowers, licensee duties, payment plans, among others.
Referred to the House Financal Institutions & Insurance Committee on January 21, 2009.