BILL · 2025–26 SESSION · LATEST VERSION SHB 2361

HB 2361: Small loans maximum amount

Concerning the maximum principal amount of small loans.

Summary

Increases the maximum principal amount of any small loan, or the outstanding principal balances of all small loans made by all check casher or seller licensees to a single borrower at any one time, from $700 to $1,200 adjusted biennially for inflation, or 30 percent of the borrower's gross monthly income, whichever is lower.
Requires the Department of Financial Institutions to determine the inflation-adjusted maximum principal amount of small loans, and publish the information in the Washington State Register.

From the House Bill Report (HB 2361), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor

AN ACT Relating to the maximum principal amount of small loans;

No recorded floor votes.

Feb 19, 2026House Rules "X" file. (SHB 2361)
Feb 19, 2026Returned to Rules Committee for second reading. (SHB 2361)
Feb 19, 2026Returned to Rules Committee for second reading.
Feb 19, 2026House Rules "X" file.
Feb 14, 2026Rules Committee relieved of further consideration. Placed on second reading. (SHB 2361)
Feb 14, 2026Rules Committee relieved of further consideration. Placed on second reading.
Feb 3, 2026Referred to Rules 2 Review. (SHB 2361)
Feb 3, 2026Referred to Rules 2 Review.
Jan 30, 2026CPB - Majority; 1st substitute bill be substituted, do pass. (SHB 2361)
Jan 30, 2026Minority; do not pass. (SHB 2361)
Jan 30, 2026CPB - Executive action taken by committee.
Jan 30, 2026Minority; do not pass.
Jan 30, 2026CPB - Majority; 1st substitute bill be substituted, do pass.
Jan 12, 2026First reading, referred to Consumer Protection & Business.
Jan 9, 2026Prefiled for introduction.

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

HB 2361 (2023–24) Standardized health plans · Did not pass · passed House, stalled in Senate
HB 2361 (2019–20) Cannabis industry workplaces · Did not pass · died in committee
HB 2361 (2017–18) Emergency aid/prostitution · Did not pass · passed House, stalled in Senate
HB 2361 (2015–16) School levy lid revs./delay · Did not pass · died in committee
HB 2361 (2013–14) Vehicle license plates · Did not pass · died in committee
HB 2361 (2011–12) Usage-based auto insurance · Enacted · Chapter 222, Laws of 2012
HB 2361 (2009–10) In-home care/state payments · Enacted · Chapter 571, Laws of 2009
HB 2361 (2007–08) Collective bargaining · Enacted · Chapter 136, Laws of 2007