Go to Previous Versions
of
this Section
2024 Revised Code of Washington
Title 31 - Miscellaneous Loan Agencies
Chapter 31.45 - Check Cashers and Sellers.
31.45.086 - Small loans—Right of rescission.
Universal Citation:
WA Rev Code § 31.45.086 (2024)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
RCW 31.45.086
Small loans—Right of rescission.
A borrower may rescind a loan, on or before the close of business on the next day of business at the location where the loan was originated, by returning the principal in cash or the original check disbursed by the licensee to fund the small loan. The licensee may not charge the borrower for rescinding the loan and shall return to the borrower any postdated check taken as security for the loan or any electronic equivalent. The licensee shall conspicuously disclose to the borrower this right of rescission in writing in the small loan agreement or small loan note.
[ 2003 c 86 s 13.]
Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
