WA People
BILL · 2023–24 SESSION · LATEST VERSION SSB 6025

SB 6025: Predatory loans

Protecting consumers from predatory loans.

Summary

  • Makes any attempt to evade the Consumer Loan Act (Act) a violation of the Act.
  • Makes nonresidential mortgage loans made by an unlicensed person who is subject to the Act null, void, uncollectable, and unenforceable.

From the Substitute House Bill Report (SSB 6025), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 249, Laws of 2024
  1. IntroducedJan 8, 2024
  2. Out of committeeJan 31, 2024
  3. Passed SenateFeb 6, 2024
  4. Passed HouseFeb 29, 2024
  5. GovernorMar 25, 2024
  6. LawMar 25, 2024
Prime sponsor
Derek Stanford (D-1)
Introduced
January 8, 2024 in the Senate
Last action
March 25, 2024
Session law
Chapter 249, Laws of 2024
Companion bill
HB 1874
Budget
Has a fiscal note
Versions
SB 6025, SSB 6025

AN ACT Relating to protecting consumers from predatory loans;

Sponsors

Prime sponsor: Derek Stanford (D-1)

9 co-sponsors (9 Democrats, 0 Republicans)

Manka Dhingra D-45Noel Frame D-36Bob Hasegawa D-11Patty Kuderer D-48Joe Nguyen D-34Rebecca Saldaña D-37Yasmin Trudeau D-27Javier Valdez D-46Claire Wilson D-30

Votes

Senate · 3rd Reading & Final Passage

Passed February 6, 2024
Version voted on: SSB 6025
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican20000
How each member voted

Yea (49)

Permalink to this vote

House · Final Passage as Amended by the House

Passed February 29, 2024
Version voted on: SSB 6025
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat57001
Republican39001
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 5, 2024
Version voted on: SSB 6025
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican20000
How each member voted

Yea (49)

Permalink to this vote

History

  1. Effective date 6/6/2024. (SSB 6025)
  2. Chapter 249, 2024 Laws. (SSB 6025)
  3. Governor signed. (SSB 6025)
  4. Delivered to Governor. (SSB 6025)
  5. President signed. (SSB 6025)
  6. Speaker signed. (SSB 6025)
  7. Passed final passage; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 6025)
  8. Senate concurred in House amendments. (SSB 6025)
  9. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SSB 6025)
  10. Rules suspended. Placed on Third Reading. (SSB 6025)
  11. Floor amendment(s) adopted. (SSB 6025)
  12. Rules Committee relieved of further consideration. Placed on second reading. (SSB 6025)
  13. APP - Majority; do pass. (SSB 6025)
  14. APP - Executive action taken by committee. (SSB 6025)
  15. Referred to Rules 2 Review. (SSB 6025)
  16. Referred to Appropriations. (SSB 6025)
  17. CPB - Executive action taken by committee. (SSB 6025)
  18. CPB - Majority; do pass. (SSB 6025)
  19. First reading, referred to Consumer Protection & Business. (SSB 6025)
  20. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 6025)
  21. Rules suspended. Placed on Third Reading. (SSB 6025)
  22. 1st substitute bill substituted. (SSB 6025)
  23. 1st substitute bill substituted.
  24. Placed on second reading by Rules Committee. (SSB 6025)
  25. Placed on second reading by Rules Committee.
  26. Passed to Rules Committee for second reading. (SSB 6025)
  27. Passed to Rules Committee for second reading.
  28. BFGT - Majority; 1st substitute bill be substituted, do pass. (SSB 6025)
  29. Minority; without recommendation. (SSB 6025)
  30. Minority; without recommendation.
  31. BFGT - Majority; 1st substitute bill be substituted, do pass.
  32. First reading, referred to Business, Financial Services, Gaming & Trade.
  33. Prefiled for introduction.

SB 6025 in other sessions

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

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