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?

Link to law: http://apps.leg.wa.gov/wac/default.aspx?cite=208-630-506
Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
Print







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, § 208-630-506, filed 12/1/09, effective 1/1/10.]