Consumer Loan Companies – General

By Robert | June 30, 2023 | Comments Off on Consumer Loan Companies – General

The Washington Department of Financial Institutions (DFI) regulates Consumer Loan Companies doing business in Washington State through the Division of Consumer Services.   Consumer Loan licensees are primarily regulated under the Consumer Loan Act RCW 31.04 and its associated regulations Washington Consumer Loan Act Regulations WAC 208-620.  Other than specific exemptions enumerated in RCW 31.04.025 https://app.leg.wa.gov/RCW/default.aspx?cite=31.04.025 No person…

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Consumer Loan Companies – Civil Litigation

By Robert | June 30, 2023 | Comments Off on Consumer Loan Companies – Civil Litigation

Consumer Loan Act licensees alleged to have violated any of the applicable Washington consumer loan statutes or regulations can face liability from two primary avenues: DFI enforcement actions and civil litigation.  This page is pertains to Civil Litigation. Civil Litigation Separate from a DFI enforcement action, a Consumer Loan Licensee accused of violating the governing statutes or regulations may…

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