WA People
BILL · 1993–94 SESSION · LATEST VERSION SSB 5686

SB 5686: Credit card late paymnt char

Limiting the penalty charge for late payment of a credit card balance.

Summary

  • The maximum delinquency charge for retail charge agreements and lender credit cards is 10 percent of the average balance of the delinquent account for the prior 30-day period when this balance is less than $100. However, a minimum charge of up to $2 is authorized.

From the Substitute Senate Bill Report (SSB 5686), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 481, Laws of 1993
  1. IntroducedFeb 9, 1993
  2. Out of committee
  3. Passed SenateMar 11, 1993
  4. Passed HouseApr 7, 1993
  5. Governor
  6. LawMay 17, 1993
Prime sponsor
Al Williams (D-32)
Introduced
February 9, 1993 in the Senate
Last action
May 17, 1993
Session law
Chapter 481, Laws of 1993
Versions
SB 5686, SSB 5686

Sponsors

Prime sponsor: Al Williams (D-32)

1 co-sponsor (1 Democrat, 0 Republicans)

Dwight Pelz D-37

Votes

Senate · Final Passage

March 11, 1993
Version voted on: SSB 5686
42 Yea 3 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat25003
Republican17301
How each member voted

Nay (3)

Excused (4)

Permalink to this vote

House · Final Passage

April 7, 1993
Version voted on: SSB 5686
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat63000
Republican35000
How each member voted

Yea (98)

Permalink to this vote

Senate · Final Passage

April 20, 1993
Version voted on: SSB 5686
39 Yea 1 Nay 2 Absent 7 Excused
PartyYeaNayAbsentExcused
Democrat23023
Republican16104
How each member voted

Nay (1)

Absent (2)

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.

SB 5686 in other sessions

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

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