WA People
BILL · 1999–00 SESSION

SB 5879: Consumer loan originatn fees

Regulating loan origination fees on consumer loans.

Summary

  • Provides that every licensee may, in connection with the making of a loan, charge the borrower a nonrefundable, prepaid, loan origination fee not to exceed six percent of the principal amount of the loan advanced to or for the direct benefit of the borrower, which fee may be included in the principal balance of the loan.

From the Bill Digest (SB 5879), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 15, 1999
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
February 15, 1999 in the Senate
Last action
January 10, 2000

Sponsors

Prime sponsor: Margarita Prentice (D-11)

1 co-sponsor (0 Democrats, 1 Republican)

Shirley Winsley R-28

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 5879 in other sessions

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

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