Washington § 19.265.040 Borrower may rescind loan—Manner.

Washington Statutes

§ 19.265.040 — Borrower may rescind loan—Manner.

Washington § 19.265.040

Title 19BUSINESS REGULATIONS—MISCELLANEOUS

Ch. 19.265TAX REFUND ANTICIPATION LOANS

This text of Washington § 19.265.040 (Borrower may rescind loan—Manner.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 19.265.040 (2026).

Text

A borrower may rescind a loan, on or before the close of business on the next day of business, by either returning the original check issued for the loan or providing the amount of the loan in cash to the lender or the facilitator. The facilitator may not charge the borrower a fee for rescinding the loan or a refund anticipation loan fee if the loan is rescinded but may charge the borrower the administrative cost of establishing a bank account to electronically receive the refund.

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A borrower may rescind a loan, on or before the close of business on the next day of business, by either returning the original check issued for the loan or providing the amount of the loan in cash to the lender or the facilitator. The facilitator may not charge the borrower a fee for rescinding the loan or a refund anticipation loan fee if the loan is rescinded but may charge the borrower the administrative cost of establishing a bank account to electronically receive the refund.