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WAC 208-630-461

What is the maximum amount that all licensees may lend to a borrower?

The total outstanding principal of all small loans made by all licensees to a single borrower may not exceed seven hundred dollars or thirty percent of the borrower's gross monthly income, whichever is lower.
[Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. WSR 09-24-089, ยง 208-630-461, filed 12/1/09, effective 1/1/10.]
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