WA People
BILL · 2011–12 SESSION · LATEST VERSION SSB 5303

SB 5303: Loans/consumer loan act

Regulating loans made under the consumer loan act.

Summary

  • Under the Consumer Loan Act, it is clarified that the exemption regarding loans made primarily for business, commercial, or agricultural purposes does not apply to loans that are secured by a lien on the borrower's primary residence. Technical changes are made.

From the Senate Bill Report (Orig.) (SB 5303), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 20, 2011
  2. Out of committeeFeb 10, 2011
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Phil Rockefeller (D-23)
Introduced
January 20, 2011 in the Senate
Last action
April 11, 2012
Companion bill
HB 1405
Budget
Has a fiscal note
Versions
SB 5303, SSB 5303

AN ACT Relating to loans made under the consumer loan act;

Sponsors

Prime sponsor: Phil Rockefeller (D-23)

8 co-sponsors (7 Democrats, 1 Republican)

Scott White D-46Rodney Tom D-48Sharon Nelson D-34Paull Shin D-21Karen Keiser D-33Karen Fraser D-22Linda Evans Parlette R-12Adam Kline D-37

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status. (SSB 5303)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SSB 5303)
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status. (SSB 5303)
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status. (SSB 5303)
  8. By resolution, reintroduced and retained in present status.
  9. By resolution, reintroduced and retained in present status. (SSB 5303)
  10. By resolution, reintroduced and retained in present status.
  11. Senate Rules "X" file. (SSB 5303)
  12. Senate Rules "X" file.
  13. Placed on second reading by Rules Committee. (SSB 5303)
  14. Placed on second reading by Rules Committee.
  15. Passed to Rules Committee for second reading. (SSB 5303)
  16. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 5303)
  17. Minority; without recommendation. (SSB 5303)
  18. Minority; without recommendation.
  19. FIHI - Majority; 1st substitute bill be substituted, do pass.
  20. Passed to Rules Committee for second reading.
  21. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5303 in other sessions

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

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