Senate Bill 5312, Engrossed Substitute Senate Bill 5312
Passed the Senate on February 20 by a vote of 30 to 18.
This act regulates the terms of small consumer installment loans and requires lenders to be licensed and to pay an investigation and annual assessment fee. It puts limits on interest and charges, prescribes the content of loan agreements, mandates customer notice of fees and charges, and places restrictions on the collection of delinquent loans. The bill as it passed the Senate limits loans to no more than 15 percent of the borrower’s monthly income, with a maximum of $1,500. The maximum loan period is 18 months, and loans may not be secured by a lien on real or personal property.
N Sen. Mark Mullet
Y Sen. Pam Roach
Y Sen. Joe Fain
House Bill 1200, Substitute House Bill 1200
Passed in the House on February 18 by a vote of 96-0.
The bill authorizes the Washington Department of Agriculture, together with the Washington Department of Fish and Wildlife, to develop procedures for enforcing food fish and shellfish labeling, and to take action against misbranding by providing for higher criminal penalties. It defines “food fish” and “shellfish” and clarifies the definition of “commercially caught” salmon as that harvested by commercial fishers. It also establishes a system of identifying the common names for seafood, based on the USFDA’s list of acceptable market names for seafood.
Y Rep. Chad Magendanz
Y Rep. Jay Rodne
Y Rep. Mark Hargrove
Y Rep. Pat Sullivan
House Bill 1036, House Bill 1036
Passed in the House on February 18 by a vote of 96-0.
The bill amends and clarifies the definition of “service contract” to include any contract or agreement for the repair or maintenance of a property at a cost above its purchase price. It specifies that the regulations do not prohibit a service contract provider from covering residential water, sewer, utilities, or similar systems with or without coverage of appliances. A provider may also share contract revenue with local governments or other third parties for endorsements and marketing services.
Y Rep. Chad Magendanz
Y Rep. Jay Rodne
Y Rep. Mark Hargrove
Y Rep. Pat Sullivan
