Revised Code of Washington - RCW Title 31 Miscellaneous Loan Agencies - Chapter 31.45 Check Cashers And Sellers

31.45.010 Definitions
Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Applicant" means a person that files an application for ...

31.45.020 Application of chapter
(1) This chapter does not apply to: (a) Any financial institution or trust company authorized to do business in Washington; (b) The cashing of checks, ...

31.45.030 License required -- Small loan endorsement -- Application -- Fee -- Bond -- Deposit in lieu of bond -- Director's duties
(1) Except as provided in RCW 31.45.020, no check casher or seller may engage in business without first obtaining a license from the director in ...

31.45.040 Application for license or small loan endorsement -- Financial responsibility -- Director's investigation
(1) The director shall conduct an investigation of every applicant to determine the financial responsibility, experience, character, and general fitness of the applicant. The director ...

31.45.050 Investigation or examination fee and annual assessment fee required -- Amounts determined by rule -- Failure to pay -- Notice requirements of licensee
(1) Each applicant and licensee shall pay to the director an investigation or examination fee as established in rule and an annual assessment fee for ...

31.45.060 Licensee -- Schedule of fee and charges -- Recordkeeping
(1) A schedule of the fees and the charges for the cashing and selling of checks, drafts, money orders, or other commercial paper serving the ...

31.45.070 Licensee -- Permissible transactions -- Restrictions
(1) No licensee may engage in a loan business or the negotiation of loans or the discounting of notes, bills of exchange, checks, or other ...

31.45.073 Making small loans -- Endorsement required -- Termination date -- Maximum amount -- Interest -- Fees -- Postdated check or draft as security
(1) No licensee may engage in the business of making small loans without first obtaining a small loan endorsement to its license from the director ...

31.45.077 Small loan endorsement -- Application -- Form -- Information -- Exemption from disclosure -- Fees
(1) Each application for a small loan endorsement to a check casher or check seller license must be in writing and in a form prescribed ...

31.45.079 Making small loans -- Agent for a licensee or exempt entity -- Federal preemption
A person may not engage in the business of making small loans as an agent for a licensee or exempt entity without first obtaining a ...

31.45.080 Trust funds -- Deposit requirements -- Rules
(1) All funds received by a licensee or its agents from the sale of checks, drafts, money orders, or other commercial paper serving the same ...

31.45.082 Delinquent small loan -- Collection by licensee or third party
*** CHANGE IN 2009 *** (SEE 5164.SL) *** A licensee shall comply with all applicable state and federal laws when collecting a delinquent small loan. ...

31.45.084 Small loan payment plan -- Terms -- Restrictions
(1) A licensee and borrower may agree to a payment plan for a small loan at any time. After four successive loans and prior to ...

31.45.086 Small loans -- Right of rescission
A borrower may rescind a loan, on or before the close of business on the next day of business at the location where the loan ...

31.45.088 Small loans -- Disclosure requirements -- Advertising -- Making loan
(1) When advertising the availability of small loans, if a licensee includes in an advertisement the fee or interest rate charged by the licensee for ...

31.45.090 Report requirements -- Disclosure of information -- Rules
(1) Each licensee shall submit to the director, in a form approved by the director, a report containing financial statements covering the calendar year or, ...

31.45.100 Examination or investigation -- Director's authority -- Costs
The director or the director's designee may at any time examine and investigate the business and examine the books, accounts, records, and files, or other ...

31.45.105 Violations of chapter -- Enforceability of transaction
(1) It is a violation of this chapter for any person subject to this chapter to: (a) Directly or indirectly employ any scheme, device, or ...

31.45.110 Violations or unsound financial practices -- Statement of charges -- Hearing -- Sanctions -- Director's authority
(1) The director may issue and serve upon a licensee or applicant a statement of charges if, in the opinion of the director, any licensee ...

31.45.120 Violations or unsound practices -- Temporary cease and desist order -- Director's authority
Whenever the director determines that the acts specified in RCW 31.45.110 or their continuation is likely to cause insolvency or substantial injury to the public, ...

31.45.130 Temporary cease and desist order -- Licensee's application for injunction
Within ten days after a licensee has been served with a temporary cease and desist order, the licensee may apply to the superior court in ...

31.45.140 Violation of temporary cease and desist order -- Director's application for injunction
In the case of a violation or threatened violation of a temporary cease and desist order issued under RCW 31.45.120, the director may apply to ...

31.45.150 Licensee's failure to perform obligations -- Director's duty
Whenever as a result of an examination or report it appears to the director that: (1) The capital of any licensee is impaired; (2) Any ...

31.45.160 Director's possession of property and business -- Appointment of receiver
Whenever the director has taken possession of the property and business of a licensee, the director may petition the superior court for the appointment of ...

31.45.180 Violation -- Misdemeanor
Any person who violates or participates in the violation of any provision of the rules or orders of the director or of this chapter is ...

31.45.190 Violation -- Consumer protection act -- Remedies
The legislature finds and declares that any violation of this chapter substantially affects the public interest and is an unfair and deceptive act or practice ...

31.45.200 Director -- Broad administrative discretion
The director has the power, and broad administrative discretion, to administer and interpret the provisions of this chapter to ensure the protection of the public.[1994 ...

31.45.210 Military borrowers -- Licensee's duty -- Definition
(1) A licensee shall: (a) When collecting any delinquent small loan, not garnish any wages or salary paid for service in the armed forces; (b) ...

31.45.900 Effective date, implementation -- 1991 c 355
This act shall take effect January 1, 1992. The director shall take such steps as are necessary to ensure that this act is implemented on ...