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PDFWAC 208-630-531

May I charge any fees if a borrower decides to convert their loan to an installment plan?

No. You may not charge any fee or interest to the borrower for converting the small loan to an installment plan as provided under RCW 31.45.084.
[Statutory Authority: RCW 43.320.040, 31.45.200, and 2009 c 510. WSR 09-24-089, ยง 208-630-531, filed 12/1/09, effective 1/1/10.]
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