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Committee advances bill raising some pawnbroker rates and shortening loan terms
2790430 · March 26, 2025
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Summary
Senators recommended House Bill 1269 for passage after staff summarized changes that increase certain pawnbroker fees and interest, reduce pawnbroker loan terms from 90 to 60 days, and expand options for borrowers and pawnbrokers to rewrite loans; no fiscal note was requested.
The Washington State Senate Business, Financial Services & Trade Committee on March 26 gave House Bill 1269 a due-pass recommendation after committee staff summarized changes to pawnbroker fees, interest, and loan terms.
Staff told the committee HB 1269…
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