§ 31.45.010 Definitions
§ 31.45.020 Application of chapter
§ 31.45.022 Privacy or confidentiality of any information or material — Federal or other state’s laws
§ 31.45.030 License required — Small loan endorsement — Application — Fee — Bond — Deposit in lieu of bond — Director’s duties
§ 31.45.040 Application for license or small loan endorsement — Financial responsibility — Director’s investigation
§ 31.45.043 Multistate licensing system — Director’s discretion
§ 31.45.045 Reports — Nationwide licensing system
§ 31.45.050 Investigation or examination fee and annual assessment fee required — Amounts determined by rule — Failure to pay — Notice requirements of licensee
§ 31.45.060 Licensee — Schedule of fee and charges — Recordkeeping
§ 31.45.070 Licensee — Permissible transactions — Restrictions
§ 31.45.073 Making small loans — Endorsement required — Due date — Termination date — Maximum amount — Installment plans — Interest — Fees — Postdated check or draft as security
§ 31.45.077 Small loan endorsement — Application — Form — Information — Exemption from disclosure — Fees
§ 31.45.079 Making small loans — Agent for a licensee or exempt entity — Federal preemption
§ 31.45.080 Trust funds — Deposit requirements — Rules
§ 31.45.082 Delinquent small loan — Restrictions on collection by licensee or third party — Definitions
§ 31.45.084 Small loan installment plan — Terms — Restrictions
§ 31.45.085 Loan application — Required statement — Rules
§ 31.45.086 Small loans — Right of rescission
§ 31.45.088 Small loans — Disclosure requirements — Advertising — Making loan
§ 31.45.090 Report requirements — Disclosure of information — Rules
§ 31.45.093 Information system — Access — Required information — Fees — Rules
§ 31.45.100 Examination or investigation — Director’s authority — Costs
§ 31.45.103 Subpoena authority — Application — Contents — Notice — Fees
§ 31.45.105 Violations of chapter — Enforceability of transaction
§ 31.45.110 Violations or unsound financial practices — Statement of charges — Hearing — Sanctions — Director’s authority — Statute of limitations
§ 31.45.120 Violations or unsound practices — Temporary cease and desist order — Director’s authority
§ 31.45.130 Temporary cease and desist order — Licensee’s application for injunction
§ 31.45.140 Violation of temporary cease and desist order — Director’s application for injunction
§ 31.45.150 Licensee’s failure to perform obligations — Director’s duty
§ 31.45.160 Director’s possession of property and business — Appointment of receiver
§ 31.45.180 Violation — Misdemeanor
§ 31.45.190 Violation — Consumer protection act — Remedies
§ 31.45.200 Director — Broad administrative discretion
§ 31.45.210 Military borrowers — Licensee’s duty — Definition
§ 31.45.900 Effective date, implementation — 1991 c 355
§ 31.45.901 Effective date — 2009 c 510
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Terms Used In Washington Code > Chapter 31.45 - Check cashers and sellers

  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair Debt Collection Practices Act: The Fair Debt Collection Practices Act is a set of United States statutes added as Title VIII of the Consumer Credit Protection Act. Its purpose is to ensure ethical practices in the collection of consumer debts and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. It is often used in conjunction with the Fair Credit Reporting Act. Source: OCC
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fraud: Intentional deception resulting in injury to another.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Right of rescission: Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan. There is no fee to the borrower, who receives a full refund of all fees paid. The right of rescission is guaranteed by the Truth in Lending Act (TILA). Source: OCC
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Subpoena: A command to a witness to appear and give testimony.
  • Subpoena duces tecum: A command to a witness to produce documents.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC