RCW 31.45.086
106 words·~1 min read·
/wa/title-31/chapter-31-45/31-45-086·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
[ 2003 c 86 s 13 .]