Bill > HB1910

This bill amends the existing laws in Washington state related to pawnbroker fees and interest rates. The key provisions are: 1. It increases the maximum interest rate that pawnbrokers can charge on loans of $100 or more from 4% to 5% per 30-day period. 2. It increases the maximum storage fees that pawnbrokers can charge from $5 to $10 per 30-day period, and from $5 to $10 for storing a firearm. 3. It reduces the loan term from 90 days to 60 days, after which the pawnbroker can take ownership of the pledged item. 4. It allows loan transactions to be rewritten and payments to be accepted in person, by mail, or through online payment services. The bill aims to update the regulations for pawnbroker fees and interest rates in Washington.