WA People
BILL · 2009–10 SESSION

HB 1073: Small loans

Regulating small loans.

Summary

  • Finds that consumers should be able to access loans at reasonable rates. Paying the interest rates associated with payday loans can cause a borrower to need a loan to pay off their loan. By turning to payday loans again and again, the borrower can become trapped in a debt cycle.

From the Bill Digest (HB 1073), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 12, 2009
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Sherry Appleton (D-23)
Introduced
January 12, 2009 in the House
Last action
March 15, 2010

AN ACT Relating to small loans;

Sponsors

Prime sponsor: Sherry Appleton (D-23)

1 co-sponsor (1 Democrat, 0 Republicans)

Sharon Nelson D-34

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Financial Institutions & Insurance.
  4. Prefiled for introduction.

HB 1073 in other sessions

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

Report wrong or missing information on this page