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WAC 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?

(1) In order to engage in the business of check cashing and selling, a business must apply for and obtain from the department a check cashing or selling license.
(2) In order to make payday loans (small loans), a business must first obtain a license as a check casher or seller and then obtain a small loan endorsement to that license.
[Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. WSR 09-24-089, § 208-630-120, filed 12/1/09, effective 1/1/10. Statutory Authority: RCW 31.04.165, 43.320.040, 31.45.030, 31.45.050, 31.45.200. WSR 05-22-009, § 208-630-120, filed 10/21/05, effective 11/21/05.]
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