BILL · 2005–06 SESSION · LATEST VERSION SHB 2863

HB 2863: Retail installment contracts

Requiring lenders to consider retail installment contracts for the purchase of motor vehicles.

Summary

  • If a retail installment contract for the purchase of a motor vehicle meets the requirements of Chapter 63.14 and all applicable federal laws, the retail installment contract must be accepted for consideration by a lender. This does not apply to lenders licensed and regulated under Chapter 31.04 RCW, the Consumer Loan Act.
  • Provides that any retail installment contract that meets the requirements of Chapter 63.14 RCW and applicable federal law must be accepted for consideration by lenders.

From the House Bill Report (HB 2863), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 16, 2006
  2. Out of committeeJan 30, 2006
  3. Passed HouseFeb 13, 2006
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 16, 2006 in the House
Last action
March 8, 2006
Companion bill
SB 6570
Versions
HB 2863, SHB 2863

AN ACT Relating to retail installment contracts for motor vehicles;

Sponsors

Prime sponsor: Steve Kirby (D-29)

5 co-sponsors (3 Democrats, 2 Republicans)

Votes

House · Final Passage

Passed February 13, 2006
Version voted on: SHB 2863
96 Yea 2 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican40200
How each member voted

Yea (96)

Nay (2)

History

  1. By resolution, returned to House Rules Committee for third reading. (SHB 2863)
  2. First reading, referred to Financial Institutions, Housing & Consumer Protection. (SHB 2863)
  3. Third reading, passed; yeas, 96; nays, 2; absent, 0; excused, 0. (SHB 2863)
  4. Rules suspended. Placed on Third Reading. (SHB 2863)
  5. 1st substitute bill substituted. (SHB 2863)
  6. 1st substitute bill substituted.
  7. Placed on second reading. (SHB 2863)
  8. Placed on second reading.
  9. Passed to Rules Committee for second reading. (SHB 2863)
  10. Passed to Rules Committee for second reading.
  11. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 2863)
  12. FII - Executive action taken by committee.
  13. FII - Majority; 1st substitute bill be substituted, do pass.
  14. First reading, referred to Financial Institutions & Insurance.

HB 2863 in other sessions

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

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