WA People
BILL · 2013–14 SESSION

SB 5207: Consumer loan act

Addressing the consumer loan act.

Summary

  • Provides remedies for a borrower when a person who is not licensed or exempt under the Consumer Loan Act (CLA) makes a transaction that is subject to the CLA.
  • Provides the Director of the Department of Financial Institutions with additional enforcement authority.
  • Modifies several definitions.

From the House Bill Report (SB 5207), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 29, Laws of 2013
  1. IntroducedJan 23, 2013
  2. Out of committeeFeb 6, 2013
  3. Passed SenateMar 5, 2013
  4. Passed HouseApr 9, 2013
  5. GovernorApr 22, 2013
  6. LawApr 22, 2013
Prime sponsor
Joe Fain (R-47)
Introduced
January 23, 2013 in the Senate
Last action
April 22, 2013
Session law
Chapter 29, Laws of 2013
Requested by
Other
Companion bill
HB 1326
Budget
Has a fiscal note

AN ACT Relating to making technical corrections and updating licensing and enforcement provisions of the consumer loan act;

Sponsors

Prime sponsor: Joe Fain (R-47)

7 co-sponsors (5 Democrats, 2 Republicans)

Don Benton R-17Steve Hobbs D-44Pam Roach R-31Sharon Nelson D-34Mark Mullet D-5Brian Hatfield D-19Karen Keiser D-33

Votes

Senate · 3rd Reading & Final Passage

Passed March 5, 2013
Version voted on: SB 5207
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican23000
How each member voted

Yea (49)

Permalink to this vote

House · Final Passage

Passed April 9, 2013
Version voted on: SB 5207
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat54001
Republican40003
How each member voted

Yea (94)

Excused (4)

Permalink to this vote

History

  1. Effective date 7/28/2013.
  2. Chapter 29, 2013 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 94; nays, 0; absent, 0; excused, 4.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading.
  11. BFS - Majority; do pass.
  12. BFS - Executive action taken by committee.
  13. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report).
  14. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. Passed to Rules Committee for second reading.
  18. FIHI - Majority; do pass.
  19. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5207 in other sessions

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

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