WA People
BILL · 2005–06 SESSION · LATEST VERSION ESHB 1251

HB 1251: Tax refund loans

Regulating tax refund anticipation loans.

Summary

  • Requires licensing of facilitators, including annual licensing fees.
  • Limits the amount of the loan to the amount of the refund, less fees.
  • Allows a borrower to rescind the loan by the close of business the next day.
  • Prohibits certain practices by a facilitator.
  • Requires certain disclosures in connection with tax refund anticipation loans.
  • Imposes penalties for violations .

From the Substitute House Bill Report (SHB 1251), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 19, 2005
  2. Out of committeeMar 7, 2005
  3. Passed HouseMar 14, 2005
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Sharon Tomiko Santos (D-37)
Introduced
January 19, 2005 in the House
Last action
January 9, 2006
Companion bill
SB 5692
Budget
Has a fiscal note
Versions
HB 1251, ESHB 1251

AN ACT Relating to tax refund anticipation loans;

Sponsors

Prime sponsor: Sharon Tomiko Santos (D-37)

7 co-sponsors (6 Democrats, 1 Republican)

Dan Roach R-31Steve Kirby D-29Dawn Morrell D-25Geoff Simpson D-47Bob Hasegawa D-11Pat Sullivan D-47Jim McIntire D-46

Votes

House · Final Passage

Passed March 14, 2005
Version voted on: ESHB 1251
59 Yea 37 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat54101
Republican53601
How each member voted

Yea (59)

Excused (2)

Permalink to this vote

History

  1. By resolution, reintroduced and retained in present status. (ESHB 1251)
  2. House Rules "X" file. (ESHB 1251)
  3. By resolution, returned to House Rules Committee for third reading. (ESHB 1251)
  4. First reading, referred to Financial Institutions, Housing & Consumer Protection. (ESHB 1251)
  5. Rules suspended. Placed on Third Reading. (ESHB 1251)
  6. Third reading, passed; yeas, 59; nays, 37; absent, 0; excused, 2. (ESHB 1251)
  7. Floor amendment(s) adopted. (ESHB 1251)
  8. 1st substitute bill substituted. (ESHB 1251)
  9. 1st substitute bill substituted.
  10. Placed on second reading by Rules Committee. (ESHB 1251)
  11. Placed on second reading by Rules Committee.
  12. Passed to Rules Committee for second reading. (ESHB 1251)
  13. Passed to Rules Committee for second reading.
  14. APP - Executive action taken by committee. (ESHB 1251)
  15. APP - Majority; do pass 1st substitute bill proposed by Financial Institutions & Insurance. (ESHB 1251)
  16. APP - Majority; do pass 1st substitute bill proposed by Financial Institutions & Insurance.
  17. APP - Executive action taken by committee.
  18. Referred to Appropriations. (ESHB 1251)
  19. Referred to Appropriations.
  20. FII - Majority; 1st substitute bill be substituted, do pass. (ESHB 1251)
  21. Minority; do not pass. (ESHB 1251)
  22. FII - Executive action taken by committee.
  23. Minority; do not pass.
  24. FII - Majority; 1st substitute bill be substituted, do pass.
  25. First reading, referred to Financial Institutions & Insurance.

HB 1251 in other sessions

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

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