Washington · Regulations
Chapter 208-630 — REGULATION OF CHECK CASHERS AND SELLERS AND SMALL LOANS (PAYDAY LENDERS)
107 sections
107 sections
- WAC 208-630-110WAC 208-630-110. What definitions are required to understand these rules?
- WAC 208-630-120WAC 208-630-120. What does a business have to do to operate as a check casher and seller or to make small loans as a payday lender?
- WAC 208-630-130WAC 208-630-130. How does a business apply for a check casher's or seller's license or a small loan endorsement to a check casher's or seller's license?
- WAC 208-630-135WAC 208-630-135. What must I do to be authorized to offer small loan agent services?
- WAC 208-630-136WAC 208-630-136. If I am licensed to provide small loan agent services, what activities may I engage in?
- WAC 208-630-137WAC 208-630-137. What disclosures must I provide when conducting business pursuant to a small loan agent services license?
- WAC 208-630-138WAC 208-630-138. What laws govern my conduct as a small loan agent licensee?
- WAC 208-630-140WAC 208-630-140. Once a business finishes the application process, when does the director issue a license?
- WAC 208-630-150WAC 208-630-150. When does the license expire?
- WAC 208-630-155WAC 208-630-155. May I conduct my business from more than one location?
- WAC 208-630-160WAC 208-630-160. Does each location where a licensee makes small loans have to have a small loan endorsement?
- WAC 208-630-170WAC 208-630-170. Where may a licensee make small loans?
- WAC 208-630-180WAC 208-630-180. Is there a bond requirement for my license?
- WAC 208-630-190WAC 208-630-190. What type of bond is necessary and what are the conditions?
- WAC 208-630-200WAC 208-630-200. How is a bond canceled?
- WAC 208-630-210WAC 208-630-210. What is the liability of the surety under the bond?
- WAC 208-630-220WAC 208-630-220. Who may make claims against the bond?
- WAC 208-630-230WAC 208-630-230. What must I do if there are claims against the bond?
- WAC 208-630-240WAC 208-630-240. What is the amount of bond needed for licensees engaging only in check selling?
- WAC 208-630-250WAC 208-630-250. What is the amount of bond needed if a licensee has a small loan endorsement?
- WAC 208-630-260WAC 208-630-260. Do I have any alternative to maintaining a surety bond?
- WAC 208-630-270WAC 208-630-270. When and under what circumstances may the director have access to the criminal history of an applicant or licensee, or controlling person?
- WAC 208-630-280WAC 208-630-280. Does a licensee have to pay a fee for a license application?
- WAC 208-630-290WAC 208-630-290. How much are the fees for various license applications, and when does a licensee pay them?
- WAC 208-630-300WAC 208-630-300. What happens if a licensee pays a lump sum payment in advance, and there is a surplus or deficiency in the application deposit?
- WAC 208-630-310WAC 208-630-310. Is the licensee's deposit fee refundable?
- WAC 208-630-320WAC 208-630-320. What examination authority does the director have?
- WAC 208-630-330WAC 208-630-330. May the director accept other reports in lieu of an examination?
- WAC 208-630-340WAC 208-630-340. What should a licensee expect the director to review during an examination?
- WAC 208-630-350WAC 208-630-350. Who pays for the costs of an examination?
- WAC 208-630-360WAC 208-630-360. When may the director conduct an investigation?
- WAC 208-630-370WAC 208-630-370. What powers does the director have during an investigation?
- WAC 208-630-380WAC 208-630-380. What are the fees for an investigation?
- WAC 208-630-390WAC 208-630-390. May the director hire other specialists to assist with examinations and investigations, and who will pay for them?
- WAC 208-630-400WAC 208-630-400. Once licensed, what fees must a licensee pay to keep a license current?
- WAC 208-630-420WAC 208-630-420. How can a license be reinstated after it expires?
- WAC 208-630-450WAC 208-630-450. When may the director waive fees?
- WAC 208-630-461WAC 208-630-461. What is the maximum amount that all licensees may lend to a borrower?
- WAC 208-630-462WAC 208-630-462. What documentation is acceptable as proof of the borrower's gross monthly income?
- WAC 208-630-463WAC 208-630-463. What is the maximum number of small loans that may be made to a single borrower in any twelve-month period?
- WAC 208-630-464WAC 208-630-464. What documentation is acceptable as proof of the borrower's identity?
- WAC 208-630-466WAC 208-630-466. What fees can I charge on a small loan?
- WAC 208-630-470WAC 208-630-470. What types of information must a licensee include on a borrower's application for a small loan?
- WAC 208-630-480WAC 208-630-480. How must a licensee maintain customer small loan applications?
- WAC 208-630-490WAC 208-630-490. What information must the note or small loan agreement contain?
- WAC 208-630-500WAC 208-630-500. When must a licensee provide a note or small loan agreement to the borrower?
- WAC 208-630-501WAC 208-630-501. How must I determine the due date on the loan?
- WAC 208-630-505WAC 208-630-505. What process must I follow when a borrower pays off a small loan, or makes a payment toward an installment plan, with cash?
- WAC 208-630-506WAC 208-630-506. What are my obligations if the borrower notifies me that he or she will be or is unable to pay the small loan on time?
- WAC 208-630-510WAC 208-630-510. When does a borrower have a right to enter into an installment plan?
- WAC 208-630-520WAC 208-630-520. If a borrower and licensee enter into an installment plan, what are the terms of the installment plan?
- WAC 208-630-530WAC 208-630-530. If a borrower and licensee enter into an installment plan, how must the payments be structured?
- WAC 208-630-531WAC 208-630-531. May I charge any fees if a borrower decides to convert their loan to an installment plan?
- WAC 208-630-532WAC 208-630-532. May I make a small loan to a borrower who is in default on another small loan?
- WAC 208-630-533WAC 208-630-533. May I make a small loan to a borrower who is in an installment plan?
- WAC 208-630-542WAC 208-630-542. What fees may I charge or collect when a borrower defaults on a small loan?
- WAC 208-630-543WAC 208-630-543. What are the specifications required of the communication log in RCW 31.45.082 (4)?
- WAC 208-630-544WAC 208-630-544. May I allow a borrower to refinance a small loan with another small loan?
- WAC 208-630-545WAC 208-630-545. How do I use a trade name when conducting business?
- WAC 208-630-546WAC 208-630-546. What is the limit on the number of checks I may hold from one borrower?
- WAC 208-630-547WAC 208-630-547. May I continue to hold the borrower's original check or ACH authorization once the borrower has converted the loan to an installment plan?
- WAC 208-630-548WAC 208-630-548. May I hold postdated checks for the installment plan payments?
- WAC 208-630-549WAC 208-630-549. May I charge the borrower additional fees if the borrower defaults on an installment plan?
- WAC 208-630-551WAC 208-630-551. May I charge a fee to cash monetary instruments I issue as proceeds of a small loan?
- WAC 208-630-555WAC 208-630-555. What is the purpose of the database?
- WAC 208-630-556WAC 208-630-556. How do I use the database system for small loan transactions?
- WAC 208-630-560WAC 208-630-560. What disclosures must I make to a borrower?
- WAC 208-630-570WAC 208-630-570. What must be included in the disclosure referred to in WAC 208-630-560 (2)?
- WAC 208-630-580WAC 208-630-580. In addition to providing disclosures to the borrower, must I post any disclosures?
- WAC 208-630-590WAC 208-630-590. How must I format disclosures?
- WAC 208-630-600WAC 208-630-600. What documentation must a licensee keep to show that the licensee has made the proper disclosures?
- WAC 208-630-601WAC 208-630-601. Must I provide any information about the changes to the law to borrowers?
- WAC 208-630-605WAC 208-630-605. Must I maintain a business resumption plan?
- WAC 208-630-606WAC 208-630-606. Must I have a policy that deals with records disposal?
- WAC 208-630-610WAC 208-630-610. What accounting and financial records must I keep?
- WAC 208-630-620WAC 208-630-620. In what form must a licensee maintain accounting and financial records?
- WAC 208-630-630WAC 208-630-630. May the director ask a licensee for records regarding the previous day's transactions?
- WAC 208-630-640WAC 208-630-640. What specific accounting records must a licensee maintain?
- WAC 208-630-650WAC 208-630-650. May a licensee maintain a consolidated general ledger if the licensee has two or more locations?
- WAC 208-630-660WAC 208-630-660. What must a licensee have in employees' personnel files?
- WAC 208-630-670WAC 208-630-670. If I have a small loan endorsement on my license, what information must I keep in every loan file?
- WAC 208-630-680WAC 208-630-680. Are there specific banking requirements for check sellers?
- WAC 208-630-690WAC 208-630-690. When must a check casher deposit a monetary instrument?
- WAC 208-630-700WAC 208-630-700. When may I deposit a monetary instrument accepted in the course of making a small loan?
- WAC 208-630-710WAC 208-630-710. What other federal and state laws and regulations must a licensee comply with?
- WAC 208-630-712WAC 208-630-712. When must a licensee obtain identifying information about its customers?
- WAC 208-630-715WAC 208-630-715. What are the minimum requirements of an information security program required by the Federal Safeguards Rule implementing the Gramm-Leach-Bliley Act?
- WAC 208-630-716WAC 208-630-716. What are the minimum requirements for Consumer Financial Information Privacy under the Gramm-Leach-Bliley Act (Regulation P)?
- WAC 208-630-717WAC 208-630-717. Must a licensee provide notice to consumers if its data is compromised?
- WAC 208-630-720WAC 208-630-720. Is a licensee required to register as a money service business with the Secretary of the Treasury?
- WAC 208-630-721WAC 208-630-721. If a licensee is considered a money service business (MSB) under the Bank Secrecy Act (see WAC 208-630-720 ), what are the minimum requirements for the anti-money laundering program the licensee must develop?
- WAC 208-630-730WAC 208-630-730. What records and actions does a licensee need to take to assure the licensee is correctly reporting under the Bank Secrecy Act?
- WAC 208-630-740WAC 208-630-740. What obligation do I have to assure that employees comply with the laws and rules regarding payday lending and check cashing and selling?
- WAC 208-630-830WAC 208-630-830. What are my annual reporting requirements?
- WAC 208-630-835WAC 208-630-835. When must I inform the director of significant changes in my business?
- WAC 208-630-836WAC 208-630-836. When ceasing my small loan business, what information must I file before I close the business?
- WAC 208-630-840WAC 208-630-840. Who may a licensee hire to prepare the financial statements in the annual report?
- WAC 208-630-880WAC 208-630-880. As a check seller what must I report when my license is surrendered or revoked?
- WAC 208-630-890WAC 208-630-890. If I am not a check seller what must I report when my license is surrendered or revoked?
- WAC 208-630-910WAC 208-630-910. May I request an extension of time to comply with the reporting requirements?