Predatory Loan Prevention Act Rulemaking — CR-101 – Preproposal Statement of Inquiry – 2026

PREPROPOSAL STATEMENT
OF INQUIRY
CODE REVISER USE ONLY
CR-101 (October 2017)
(Implements RCW 34.05.310)
Do NOT use for expedited rule making
Agency: Department of Financial Institutions, Division of Consumer Services Subject of possible rule making: The Division of Consumer Services is considering amending chapter 208-620 WAC in consideration of the Predatory Loan Prevention Act, which amended the Consumer Loan Act, chapter 31.04 RCW. The Division of Consumer Services is soliciting comments on potential rule amendments related to the Predatory Loan Prevention Act. The Division of Consumer Services is also considering technical amendments to chapter 208-620 WAC. Statutes authorizing the agency to adopt rules on this subject: RCW 31.04.025(7), RCW 31.04.165, and RCW 43.320.040. Reasons why rules on this subject may be needed and what they might accomplish: The Predatory Loan Prevention Act, which amended the Consumer Loan Act, chapter 31.04 RCW, became effective on June 6, 2024. The Division of Consumer Services is considering amendments to clarify the requirements set forth in the Predatory Loan Prevention Act. Identify other federal and state agencies that regulate this subject and the process coordinating the rule with these agencies: Pursuant to Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 12 U.S.C. 5481, et seq., the Consumer Financial Protection Bureau (CFPB) has the statutory authority to implement a number of federal laws and regulations that industry must comply with. Process for developing new rule (check all that apply):
☐ Negotiated rule making
☐ Pilot rule making
☐ Agency study
☒ Other (describe) The Division of Consumer Services is soliciting comments from interested parties and will adopt rules after consideration of public comments. The Division of Consumer Services previously filed a preproposal statement of inquiry (CR-101, published at WSR 25-07-018) and the related notice of proposed rulemaking (CR-102, published at WSR 25-18-022). As more than 180 days have passed since the notice of proposed rulemaking was filed, the Division of Consumer Services is refiling this preproposal statement of inquiry. Any comments previously provided may be considered pursuant to the filing of this preproposal statement of inquiry. Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting:
(If necessary)
Name: Rochelle Henderson Name:
Address: P.O. Box 41200, Olympia, WA 98504-1200 Address:
Phone: (360) 701-0581 Phone:
Fax: Fax:
TTY: TTY:
Email: rochelle.henderson@dfi.wa.gov Email:
Web site: www.dfi.wa.gov Web site:
Other: Other:
Additional comments:
Date: 05/06/2026
Name: Ali Higgs
Title: Director, Division of Consumer Services Signature: