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Check Cashers & Sellers (Payday Lenders)

Check Cashers and Sellers doing business in Washington State must be licensed with DFI's Division of Consumer Services.

Quick Links for Check Cashers & Sellers

What's New

Consumer Loan Act Emergency Rulemaking (WAC 208-620-515) Rule Effective 12/22/09
DFI has filed an emergency rulemaking of WAC 208-620-515. Some licensees formerly operating under chapter 31.45 (the payday lending law) have begun offering products under the Consumer Loan Act that mirror small loans, but with unconscionable terms that fail to provide the protections of the payday lending law.
- Learn More And View Amended Rule
2010 Law Changes FAQs
Answers to frequently asked questions about the changes to the Washington Check Cashers and Sellers Act effective January 1, 2010.
- View FAQs
Final Payday Loan Brochure
Lenders must provide to borrowers during 2010 pursuant to rule 208-630-601.
- English Brochure: Word Version** or PDF Version*
  Spanish Brochure: Word Version** or PDF Version*
Interpretive Statement On Installment Plan Repayment Terms
DFI recently issued an interpretive statement regarding installment plan repayment terms. View Interpretive Statement (PDF)*
Final Rules (WAC 208-630) Filed - Effective January 1, 2010
DFI has filed the CR-103. The new rules will become effective January 1, 2010.
- View Adopted Rules (PDF)* or visit the Rulemaking Web page for more information and documents.
2008 Payday Lending Report
Statistics & trends for the payday lending industry.
- View Report (PDF)*.
Important Information Regarding SB 5164
SB 5164 (PDF)* became effective July 26, 2009. This legislation puts restrictions on your delinquent loan collection activities. The department has begun rulemaking on this legislation along with rulemaking on ESHB 1709, the legislation that puts an eligibility database in place. However, you must comply with the provisions of SB 5164 beginning immediately. The provisions of ESHB 1709 (PDF)* and new and amended rules to implement both pieces of legislation are anticipated to be effective January 1, 2010.
Annual Report And Assessment Due April 15, 2009
The Annual Assessment Report (AAR), Consolidated Annual Report (CAR), and assessment fees must be completed and filed with DFI by close of business Wednesday, April 15, 2009.
- Report Available In 3 Formats:
  Fillable Annual Report and Assessment (PDF)*
  Fillable Annual Report and Assessment (Word)**
  Print Only Annual Report and Assessment (PDF)*
Payday Loan Notice (Pursuant to WAC 208-630-580)
Download or print this notice (PDF)* for compliance with WAC 208-630-580.
Check Cashers & Sellers ListServ
Subscribe to the check cashers & sellers ListServ.

Laws & Rules

Check Cashers and Sellers Laws - (RCW 31.45)
Check Cashers and Sellers Rules - (WAC 208-630)

Resources

Payday Loan Notice (PDF)*
This notice is pursuant to WAC 208-630-560
Washington Small Loan Transaction System (Database)
The Washington Small Loan Database.
Check Cashers and Sellers Interpretive Letters
DFI's Letter About Changes to RCW 31.45 Resulting from Senate Bill 5415 (PDF)*
Complying With The Red Flags Rule
A "How to Guide for Business" on the rules from the FTC.

Payday Lending Reports

Newsletters

Contact Us

If you have any questions about loan originator licensing, feel free to contact us by phone at 360-902-8703 or toll free at 1-877 RING DFI (746-4334). You may also email us at dcs@dfi.wa.gov.

* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.

** This document is a Microsoft Word file, and you will need Microsoft Word to view it.

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