WA People
BILL · 2009–10 SESSION

HB 1684: Small loan restrictions

Placing restrictions on small loans.

Summary

  • Limits the balances of all outstanding payday loans to 30 percent of the gross monthly income of a borrower.
  • Authorizes an electronic enforcement system for payday loans.

From the House Bill Analysis 2009 (HB 1684), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 27, 2009
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 27, 2009 in the House
Last action
March 15, 2010
Budget
Has a fiscal note

AN ACT Relating to restricting and enforcing eligibility for small loans by including a cap of thirty percent of the borrower's gross monthly income on the combined outstanding principal balances of all small loans;

Sponsors

Prime sponsor: Steve Kirby (D-29)

1 co-sponsor (1 Democrat, 0 Republicans)

Sharon Tomiko Santos D-37

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.

HB 1684 in other sessions

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

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