WAC 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? (United States)

WAC 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?

Published: 2015

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WACs > Title 208 > Chapter 208-630 > Section 208-630-506

208-630-505

208-630-510

Agency filings affecting this section

WAC 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?

You must inform the borrower that he or she has a right to convert the small loan to an installment plan. See WAC 208-630-520.
[Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. WSR 09-24-089, Â§ 208-630-506, filed 12/1/09, effective 1/1/10.]