WA People
BILL · 1993–94 SESSION

SB 5383: 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

  • Provides that the additional charge for credit life insurance or credit disability insurance shall be calculated in each billing cycle by applying the current monthly premium rate to the entire outstanding balances in the borrower's open-end loan account.

From the Bill Digest (SB 5383), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 26, 1993
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Larry Vognild (D-38)
Introduced
January 26, 1993 in the Senate
Last action
March 11, 1994
Companion bill
HB 1226

Sponsors

Prime sponsor: Larry Vognild (D-38)

1 co-sponsor (0 Democrats, 1 Republican)

Neil Amondson R-20

Votes

No recorded floor votes. This measure never reached a floor 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.

SB 5383 in other sessions

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

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