WA People
BILL · 2005–06 SESSION · LATEST VERSION SHB 2019

HB 2019: Small loans

Regulating small loans.

Summary

  • Requires payday lenders to conspicuously disclose to the borrower that if the origination date of the loan is within 10 days of the borrower's next payday, the borrower has the option of skipping a payday and having the loan repaid out of the subsequent paycheck.
  • Requires each payday lender to keep and maintain books, accounts, and records, and to submit financial statements as required in rule. Payday lenders must provide the Department of Financial Institutions (DFI) with any data required in rule to monitor the business and its participation in furthering the financial literacy program.
  • Requires the investigation conducted by the DFI of the payday loan business to include a review of the business in meeting the needs of the entire community and creates a list of factors to consider in assessing the record of performance of the business.

From the House Bill Report (HB 2019), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 15, 2005
  2. Out of committeeMar 2, 2005
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Tami Green (D-28)
Introduced
February 15, 2005 in the House
Last action
January 9, 2006
Budget
Has a fiscal note
Versions
HB 2019, SHB 2019

AN ACT Relating to small loans;

Sponsors

Prime sponsor: Tami Green (D-28)

29 co-sponsors (29 Democrats, 0 Republicans)

Shay Schual-Berke D-33Phyllis Gutierrez Kenney D-46Jeannie Darneille D-27Eileen Cody D-34Mary Lou Dickerson D-36Ruth Kagi D-32Bob Hasegawa D-11John McCoy D-38Joe McDermott D-34Patricia Lantz D-26John Lovick D-44Zack Hudgins D-11Steve Conway D-29Lynn Kessler D-24Pat Sullivan D-47Senator D-22Dennis Flannigan D-27Dawn Morrell D-25Al O'Brien D-1Brian Sullivan D-21Jim Moeller D-49Maralyn Chase D-32Dave Quall D-40Jim McIntire D-46Brendan Williams D-22Steve Kirby D-29Mark Ericks D-1Timm Ormsby D-3Dave Upthegrove D-33

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status. (SHB 2019)
  2. Referred to Financial Institutions & Insurance. (SHB 2019)
  3. Rules Committee relieved of further consideration. (SHB 2019)
  4. Rules Committee relieved of further consideration.
  5. Referred to Financial Institutions & Insurance.
  6. By resolution, reintroduced and retained in present status.
  7. Referred to Rules 2 Consideration. (SHB 2019)
  8. Referred to Rules 2 Consideration.
  9. Placed on second reading by Rules Committee. (SHB 2019)
  10. Placed on second reading by Rules Committee.
  11. Passed to Rules Committee for second reading. (SHB 2019)
  12. Passed to Rules Committee for second reading.
  13. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 2019)
  14. FII - Majority; 1st substitute bill be substituted, do pass.
  15. FII - Executive action taken by committee.
  16. First reading, referred to Financial Institutions & Insurance.

HB 2019 in other sessions

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

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