All pawnbrokers are authorized to charge and
receive interest and other fees at the following rates for money
on the security of personal property actually received in pledge:
(1) The interest for the loan period shall not exceed:
(a) For an amount loaned up to $9.99 - interest at $1.00 for
each thirty-day period to include the loan date.
(b) For an amount loaned from $10.00 to $19.99 - interest at
the rate of $1.25 for each thirty-day period to include the loan
date.
(c) For an amount loaned from $20.00 to $24.99 - interest at
the rate of $1.50 for each thirty-day period to include the loan
date.
(d) For an amount loaned from $25.00 to $34.99 - interest at
the rate of $1.75 for each thirty-day period to include the loan
date.
(e) For an amount loaned from $35.00 to $39.99 - interest at
the rate of $2.00 for each thirty-day period to include the loan
date.
(f) For an amount loaned from $40.00 to $49.99 - interest at
the rate of $2.25 for each thirty-day period to include the loan
date.
(g) For the amount loaned from $50.00 to $59.99 - interest
at the rate of $2.50 for each thirty-day period to include the
loan date.
(h) For the amount loaned from $60.00 to $69.99 - interest
at the rate of $2.75 for each thirty-day period to include the
loan date.
(i) For the amount loaned from $70.00 to $79.99 - interest
at the rate of $3.00 for each thirty-day period to include the
loan date.
(j) For the amount loaned from $80.00 to $89.99 - interest
at the rate of $3.25 for each thirty-day period to include the
loan date.
(k) For the amount loaned from $90.00 to $99.99 - interest
at the rate of $3.50 for each thirty-day period to include the
loan date.
(l) For the amount loaned from $100.00 or more - interest at
the rate of three percent for each thirty-day period to include
the loan date.
(2) The fee for the preparation of loan documents, pledges,
or reports required under the laws of the United States of
America, the state of Washington, or the counties, cities, towns,
or other political subdivisions thereof, shall not exceed:
(a) For the amount loaned up to $4.99 - the sum of $1.50.
(b) For the amount loaned from $5.00 to $9.99 - the sum of
$3.00.
(c) For the amount loaned from $10.00 to $14.99 - the sum of
$4.00.
(d) For the amount loaned from $15.00 to $19.99 - the sum of
$4.50.
(e) For the amount loaned from $20.00 to $24.99 - the sum of
$5.00.
(f) For the amount loaned from $25.00 to $29.99 - the sum of
$5.50.
(g) For the amount loaned from $30.00 to $34.99 - the sum of
$6.00.
(h) For the amount loaned from $35.00 to $39.99 - the sum of
$6.50.
(i) For the amount loaned from $40.00 to $44.99 - the sum of
$7.00.
(j) For the amount loaned from $45.00 to $49.99 - the sum of
$7.50.
(k) For the amount loaned from $50.00 to $54.99 - the sum of
$8.00.
(l) For the amount loaned from $55.00 to $59.99 - the sum of
$8.50.
(m) For the amount loaned from $60.00 to $64.99 - the sum of
$9.00.
(n) For the amount loaned from $65.00 to $69.99 - the sum of
$9.50.
(o) For the amount loaned from $70.00 to $74.99 - the sum of
$10.00.
(p) For the amount loaned from $75.00 to $79.99 - the sum of
$10.50.
(q) For the amount loaned from $80.00 to $84.99 - the sum of
$11.00.
(r) For the amount loaned from $85.00 to $89.99 - the sum of
$11.50.
(s) For the amount loaned from $90.00 to $94.99 - the sum of
$12.00.
(t) For the amount loaned from $95.00 to $99.99 - the sum of
$12.50.
(u) For the amount loaned from $100.00 to $104.99 - the sum
of $13.00.
(v) For the amount loaned from $105.00 to $109.99 - the sum
of $13.25.
(w) For the amount loaned from $110.00 to $114.99 - the sum
of $13.75.
(x) For the amount loaned from $115.00 to $119.99 - the sum
of $14.25.
(y) For the amount loaned from $120.00 to $124.99 - the sum
of $14.50.
(z) For the amount loaned from $125.00 to $129.99 - the sum
of $14.75.
(aa) For the amount loaned from $130.00 to $149.99 - the sum
of $15.50.
(bb) For the amount loaned from $150.00 to $174.99 - the sum
of $15.75.
(cc) For the amount loaned from $175.00 to $199.99 - the sum
of $16.00.
(dd) For the amount loaned from $200.00 to $224.99 - the sum
of $17.00.
(ee) For the amount loaned from $225.00 to $249.99 - the sum
of $18.00.
(ff) For the amount loaned from $250.00 to $274.99 - the sum
of $19.00.
(gg) For the amount loaned from $275.00 to $299.99 - the sum
of $20.00.
(hh) For the amount loaned from $300.00 to $324.99 - the sum
of $21.00.
(ii) For the amount loaned from $325.00 to $349.99 - the sum
of $22.00.
(jj) For the amount loaned from $350.00 to $374.99 - the sum
of $23.00.
(kk) For the amount loaned from $375.00 to $399.99 - the sum
of $24.00.
(ll) For the amount loaned from $400.00 to $424.99 - the sum
of $25.00.
(mm) For the amount loaned from $425.00 to $449.99 - the sum
of $26.00.
(nn) For the amount loaned from $450.00 to $474.99 - the sum
of $27.00.
(oo) For the amount loaned from $475.00 to $499.99 - the sum
of $28.00.
(pp) For the amount loaned from $500.00 to $524.99 - the sum
of $29.00.
(qq) For the amount loaned from $525.00 to $549.99 - the sum
of $30.00.
(rr) For the amount loaned from $550.00 to $599.99 - the sum
of $31.00.
(ss) For the amount loaned from $600.00 to $699.99 - the sum
of $36.00.
(tt) For the amount loaned from $700.00 to $799.99 - the sum
of $41.00.
(uu) For the amount loaned from $800.00 to $899.99 - the sum
of $46.00.
(vv) For the amount loaned from $900.00 to $999.99 - the sum
of $51.00.
(ww) For the amount loaned from $1000.00 to $1499.99 - the
sum of $56.00.
(xx) For the amount loaned from $1500.00 to $1999.99 - the
sum of $61.00.
(yy) For the amount loaned from $2000.00 to $2499.99 - the
sum of $66.00.
(zz) For the amount loaned from $2500.00 to $2999.99 - the
sum of $71.00.
(aaa) For the amount loaned from $3000.00 to $3499.99 - the
sum of $76.00.
(bbb) For the amount loaned from $3500.00 to $3999.99 - the
sum of $81.00.
(ccc) For the amount loaned from $4000.00 to $4499.99 - the
sum of $86.00.
(ddd) For the amount loaned from $4500.00 or more - the sum
of $91.00.
(3) A pawnbroker may charge a storage fee of $3.00. An
additional fee of $3.00 may be charged for storing a firearm.
(4) Fees under subsection (2) of this section may be charged
one time only for each loan period; no additional fees, other
than interest allowed under subsection (1) of this section, shall
be charged for making the loan. Storage fees are allowed under
subsection (3) of this section.
A copy of this section, set in twelve point type or larger,
shall be posted prominently in each premises subject to this
chapter.
[2007 c 125 § 1; 1995 c 133 § 2; 1991 c 323 § 7; 1984 c 10 § 9; 1973 1st ex.s. c 91 § 1; 1909 c 249 § 234; RRS § 2486.]
NOTES:
Interest -- Usury: Chapter 19.52 RCW.