Washington legislation · 2025-26 Regular Session
Washington HB2361: Small loans maximum amount
Status: In committee, February 19, 2026
Concerning the maximum principal amount of small loans.
What the bill says
An act Relating to the maximum principal amount of small loans; and amending RCW 31.45.073.
From the introduced text:
AN ACT Relating to the maximum principal amount of small loans; and amending RCW 31.45.073. Sec. 1. RCW 31.45.073 and 2009 c 510 s 3 are each amended to read as follows: (1) No licensee may engage in the business of making small loans without first obtaining a small loan endorsement to its license from the director in accordance with this chapter. An endorsement will be required for each location where a licensee engages in the business of making small loans, but a small loan endorsement may authorize a licensee to make small loans at a location different than the licensed locations where it cashes or sells checks. A licensee may have more than one endorsement. (2)(a) A licensee must set the due date of a small loan on or after the date of the borrower's next pay date. If a borrower's next pay date is within seven days of taking out the loan, a licensee must set the due date of a small loan on or after the borrower's second pay date after the date the small loan is made. The termination date of a small loan may not exceed the origination date of that same small loan by more than ((forty-five))45 days, including weekends and holidays, unless the term of the loan is extended by agreement of both …
Sponsors
- Brandy Donaghy (D) · primary sponsor
- David Hackney (D)
- Mary Fosse (D)
Latest actions
- : House Rules "X" file.
- : Returned to Rules Committee for second reading.
- : Rules Committee relieved of further consideration. Placed on second reading.
- : Referred to Rules 2 Review.
- : Minority; do not pass.
- : CPB - Majority; 1st substitute bill be substituted, do pass.
- : Executive action taken in the House Committee on Consumer Protection & Business at 8:00 AM.
- : Public hearing in the House Committee on Consumer Protection & Business at 1:30 PM.
- : First reading, referred to Consumer Protection & Business.
- : Prefiled for introduction.
Votes
- House Committee on Consumer Protection & Business: The substitute bill be substituted therefor and the substitute bill do pass (January 30, 2026): 13 yea, 2 nay, passed
Subjects: FINANCIAL INSTITUTIONS, DEPARTMENT
Common questions
- What is HB2361?
- HB2361 is a bill in the Washington Legislature (2025-26 Regular Session): Small loans maximum amount.
- What does HB2361 do?
- In its own words: An act Relating to the maximum principal amount of small loans; and amending RCW 31.45.073.
- What is the status of HB2361?
- In committee as of February 19, 2026. Latest action: House Rules "X" file. (February 19, 2026).
- Who sponsored HB2361?
- Brandy Donaghy (D), with 2 co-sponsors.
- Where is the official record for HB2361?
- On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=2361&Year=2025
Source: official Washington record. Tracked by Delilah, AI for legislation across all 50 states and Congress.