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Washington · Through July 15, 2026

RCW 31.45.086: Small loans—Right of rescission.

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Where this section sits in the code
  1. Title 31
  2. Chapter 31.45

A borrower may rescind a loan, on or before the close of business on the next day of business at the location where the loan was originated, by returning the principal in cash or the original check disbursed by the licensee to fund the small loan. The licensee may not charge the borrower for rescinding the loan and shall return to the borrower any postdated check taken as security for the loan or any electronic equivalent. The licensee shall conspicuously disclose to the borrower this right of rescission in writing in the small loan agreement or small loan note.

Collected 2026-09-06T02:04:07Z. Source file · JSON

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