WA People
BILL · 2003–04 SESSION · LATEST VERSION SHB 1340

HB 1340: Check cashers and sellers

Regulating check cashers and sellers.

Summary

  • Creates a comprehensive statutory scheme for the regulation of payday loans that includes consumer protection provisions, interest limits, and rescission rights.
  • Enhances the regulatory authority of the Department of Financial Institutions via expanded licensing requirements and enforcement provisions.
  • Requires payday lenders to make specified disclosures to borrowers which must be in compliance with federal law, including the Truth-in-Lending Act.

From the Substitute House Bill Report (SHB 1340), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 22, 2003
  2. Out of committeeFeb 7, 2003
  3. Passed HouseFeb 12, 2003
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Mike Cooper (D-21)
Introduced
January 22, 2003 in the House
Last action
January 14, 2004
Requested by
Governor
Companion bill
SB 5452
Budget
Has a fiscal note
Versions
HB 1340, SHB 1340

AN ACT Relating to check cashers and sellers;

Sponsors

Prime sponsor: Mike Cooper (D-21)

3 co-sponsors (2 Democrats, 1 Republican)

Brad Benson R-6Shay Schual-Berke D-33Jim McIntire D-46

Votes

House · Final Passage

Passed February 12, 2003
Version voted on: SHB 1340
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat52000
Republican45001
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

History

  1. House Rules "X" file. (SHB 1340)
  2. By resolution, reintroduced and retained in present status. (SHB 1340)
  3. By resolution, reintroduced and retained in present status. (SHB 1340)
  4. By resolution, reintroduced and retained in present status. (SHB 1340)
  5. By resolution, returned to House Rules Committee for third reading. (SHB 1340)
  6. First reading, referred to Financial Services, Insurance & Housing. (SHB 1340)
  7. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. (SHB 1340)
  8. Rules suspended. Placed on Third Reading. (SHB 1340)
  9. 1st substitute bill substituted. (SHB 1340)
  10. 1st substitute bill substituted.
  11. Placed on second reading by Rules Committee. (SHB 1340)
  12. Placed on second reading by Rules Committee.
  13. Passed to Rules Committee for second reading. (SHB 1340)
  14. Passed to Rules Committee for second reading.
  15. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 1340)
  16. FII - Executive action taken by committee.
  17. FII - Majority; 1st substitute bill be substituted, do pass.
  18. First reading, referred to Financial Institutions & Insurance.

HB 1340 in other sessions

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

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