WA People
BILL · 2003–04 SESSION · LATEST VERSION SSB 5452

SB 5452: 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 Analysis (SSB 5452), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 86, Laws of 2003
  1. IntroducedJan 27, 2003
  2. Out of committeeFeb 7, 2003
  3. Passed SenateFeb 26, 2003
  4. Passed HouseApr 10, 2003
  5. GovernorApr 23, 2003
  6. LawApr 23, 2003
Prime sponsor
Shirley Winsley (R-28)
Introduced
January 27, 2003 in the Senate
Last action
April 23, 2003
Session law
Chapter 86, Laws of 2003
Requested by
Governor
Companion bill
HB 1340
Budget
Has a fiscal note
Versions
SB 5452, SSB 5452

AN ACT Relating to check cashers and sellers;

Sponsors

Prime sponsor: Shirley Winsley (R-28)

4 co-sponsors (3 Democrats, 1 Republican)

Don Benton R-17Margarita Prentice D-11Karen Keiser D-33Aaron Reardon D-38

Votes

Senate · 3rd Reading & Final Passage

Passed February 26, 2003
Version voted on: SSB 5452
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

Yea (49)

Permalink to this vote

House · Final Passage

Passed April 10, 2003
Version voted on: SSB 5452
95 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat49003
Republican46000
How each member voted

Yea (95)

Permalink to this vote

History

  1. Effective date 7/27/2003*. (SSB 5452)
  2. Chapter 86, 2003 Laws. (SSB 5452)
  3. Governor signed. (SSB 5452)
  4. Delivered to Governor. (SSB 5452)
  5. Speaker signed. (SSB 5452)
  6. Third reading, passed; yeas, 95; nays, 0; absent, 0; excused, 3. (SSB 5452)
  7. Rules suspended. Placed on Third Reading. (SSB 5452)
  8. President signed. (SSB 5452)
  9. Placed on second reading by Rules Committee. (SSB 5452)
  10. Passed to Rules Committee for second reading. (SSB 5452)
  11. FII - Majority; do pass. (SSB 5452)
  12. FII - Executive action taken by committee. (SSB 5452)
  13. First reading, referred to Financial Institutions & Insurance. (SSB 5452)
  14. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 5452)
  15. Rules suspended. Placed on Third Reading. (SSB 5452)
  16. 1st substitute bill substituted. (SSB 5452)
  17. 1st substitute bill substituted.
  18. Placed on second reading by Rules Committee. (SSB 5452)
  19. Placed on second reading by Rules Committee.
  20. Made eligible to be placed on second reading. (SSB 5452)
  21. Made eligible to be placed on second reading.
  22. FSIH - Majority; 1st substitute bill be substituted, do pass. (SSB 5452)
  23. Passed to Rules Committee for second reading. (SSB 5452)
  24. Passed to Rules Committee for second reading.
  25. FSIH - Majority; 1st substitute bill be substituted, do pass.
  26. First reading, referred to Financial Services, Insurance & Housing.

SB 5452 in other sessions

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

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