Rulemaking Update
The Division of Consumer Services initiated the rulemaking process through the Code Reviser for amendments to the Consumer Loan Act rules (WAC 208-620). The rulemakings are related to:
- Home Equity Sharing Agreement (HESA) products
- The Predatory Loan Prevention Act (SSB 6025)
Visit DFI’s Rulemaking Webpage to view all rulemaking documents.
Please note there is no proposed language currently for either rulemaking.
Legislative Update
The 2025 Legislative session wrapped up on April 27. The legislation requested by the Division related to virtual currency kiosks did not pass this session.
Licensees should be aware that SSB 5316, which modifies provisions of the Revised Uniform Unclaimed Property Act, generally becomes effective on July 27, 2025. Licensees may wish to review the act carefully as there are certain provisions which apply retroactively.