WA People
BILL · 1993–94 SESSION · LATEST VERSION SHB 1226

HB 1226: Loan companies/insur limits

Concerning amounts of credit life insurance and credit disability insurance that consumer loan companies may make in connection with open-end loans.

Summary

  • Consumer loan companies are authorized to sell credit life and disability insurance in connection with the provision of open-end credit agreements in amounts less than necessary to completely satisfy a borrower's indebtedness on the date of death and in amounts less than necessary to meet minimum loan payments for the duration of the borrower's disability.

From the Substitute Senate Bill Report (SHB 1226), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 405, Laws of 1993
  1. IntroducedJan 20, 1993
  2. Out of committee
  3. Passed HouseFeb 17, 1993
  4. Passed SenateApr 7, 1993
  5. Governor
  6. LawMay 15, 1993
Prime sponsor
Paul Zellinsky (D-23)
Introduced
January 20, 1993 in the House
Last action
May 15, 1993
Session law
Chapter 405, Laws of 1993
Companion bill
SB 5383
Versions
HB 1226, SHB 1226

Sponsors

Prime sponsor: Paul Zellinsky (D-23)

3 co-sponsors (2 Democrats, 1 Republican)

Dennis Dellwo D-3Calvin Anderson D-43Todd Mielke R-6

Votes

House · Final Passage

February 17, 1993
Version voted on: SHB 1226
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat62001
Republican35000
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

Senate · Final Passage

April 7, 1993
Version voted on: SHB 1226
46 Yea 0 Nay 2 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat26020
Republican20001
How each member voted

Yea (46)

Absent (2)

Excused (1)

Permalink to this vote

House · Final Passage

April 19, 1993
Version voted on: SHB 1226
95 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat61002
Republican34001
How each member voted

Yea (95)

Excused (3)

Permalink to this vote

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 1226 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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