WA People
BILL · 2011–12 SESSION · LATEST VERSION SHB 2255

HB 2255: Nondepository institutions

Concerning nondepository institutions regulated by the department of financial institutions.

Summary

  • Makes a number of changes related to the regulation of consumer loan companies , including adding prohibited practices.
  • Makes a number of changes related to the regulation of check cashers and check sellers, including adding prohibited practices.
  • Allows the Director of the Department of Financial Institutions (Director) to require several different types of licensees to use a multistate licensing system.
  • Allows the Director to informally settle complaints and enforcement actions with several different types of licensees.

From the Substitute House Bill Report (SHB 2255), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 17, Laws of 2012
  1. IntroducedJan 10, 2012
  2. Out of committeeJan 26, 2012
  3. Passed HouseFeb 1, 2012
  4. Passed SenateFeb 24, 2012
  5. GovernorMar 7, 2012
  6. LawMar 7, 2012
Prime sponsor
Steve Kirby (D-29)
Introduced
January 10, 2012 in the House
Last action
March 7, 2012
Session law
Chapter 17, Laws of 2012
Requested by
Other
Companion bill
SB 6173
Budget
Has a fiscal note
Versions
HB 2255, SHB 2255

AN ACT Relating to making technical corrections, modernizing statutes, and streamlining enforcement authorities of nondepository institutions regulated by the department of financial institutions;

Sponsors

Prime sponsor: Steve Kirby (D-29)

1 co-sponsor (0 Democrats, 1 Republican)

Barbara Bailey R-10

Votes

House · Final Passage

Passed February 1, 2012
Version voted on: SHB 2255
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat55001
Republican41001
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed February 24, 2012
Version voted on: SHB 2255
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat27000
Republican22000
How each member voted

Yea (49)

Permalink to this vote

History

  1. Effective date 6/7/2012. (SHB 2255)
  2. Chapter 17, 2012 Laws. (SHB 2255)
  3. Governor signed. (SHB 2255)
  4. Delivered to Governor. (SHB 2255)
  5. President signed. (SHB 2255)
  6. Speaker signed. (SHB 2255)
  7. Notice to reconsider withdrawn. (SHB 2255)
  8. Notice given to reconsider vote on third reading. (SHB 2255)
  9. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SHB 2255)
  10. Rules suspended. Placed on Third Reading. (SHB 2255)
  11. Placed on second reading by Rules Committee. (SHB 2255)
  12. FIHI - Majority; do pass. (SHB 2255)
  13. Passed to Rules Committee for second reading. (SHB 2255)
  14. First reading, referred to Financial Institutions, Housing & Insurance. (SHB 2255)
  15. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SHB 2255)
  16. Rules suspended. Placed on Third Reading. (SHB 2255)
  17. 1st substitute bill substituted. (SHB 2255)
  18. 1st substitute bill substituted.
  19. Rules Committee relieved of further consideration. (SHB 2255)
  20. Placed on second reading suspension calendar. (SHB 2255)
  21. Placed on second reading suspension calendar.
  22. Rules Committee relieved of further consideration.
  23. Referred to Rules 2 Review. (SHB 2255)
  24. Referred to Rules 2 Review.
  25. BFS - Majority; 1st substitute bill be substituted, do pass. (SHB 2255)
  26. BFS - Majority; 1st substitute bill be substituted, do pass.
  27. BFS - Executive action taken by committee.
  28. First reading, referred to Business & Financial Services.

HB 2255 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