WA People
BILL · 2009–10 SESSION

SB 5862: Small loan balance limits

Limiting the balance of small loans by a consumer enforced by a database.

Summary

  • DFI may develop a database system, accessible by DFI and small loan licensees in order for the licensee to determine whether a consumer has an outstanding loan and, if so, the number of small loans the consumer has outstanding.

From the Senate Bill Report (Orig.) (SB 5862), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 4, 2009
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Rodney Tom (D-48)
Introduced
February 4, 2009 in the Senate
Last action
March 15, 2010
Budget
Has a fiscal note

AN ACT Relating to limiting the balance of small loans by a consumer enforced by a database;

Sponsors

Prime sponsor: Rodney Tom (D-48)

2 co-sponsors (2 Democrats, 0 Republicans)

Craig Pridemore D-49Adam Kline 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 Labor, Commerce & Consumer Protection.

SB 5862 in other sessions

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

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