SHB 2361: Concerning the maximum principal amount of small loans.
Did not pass. The 2025-26 session has ended.
- Sponsor
- Donaghy
- Introduced
- January 12, 2026
- Status
- H Rules X
- Last action
- House Rules "X" file. (February 19, 2026)
- As of
- October 16, 2026, 5:15 AM Pacific, from the Legislature’s records
What this bill does
Increases the maximum principal amount of any small loan, or the outstanding principal balances of all small loans made by all check casher or seller licensees to a single borrower at any one time, from $700 to $1,200 adjusted annually for inflation, or 30 percent of the borrower's gross monthly income, whichever is lower. Requires the Department of Financial Institutions to calculate the inflation-adjusted maximum principal amount of small loans, and publish the information on its website and in a press release.
From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗
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Create a free accountOther bills sponsored by Donaghy
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- SHB 1081: Establishing consumer protections for owners of solicited real estate.
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- HB 1304: Concerning the effective date of the filing of a notice of intention with a boundary review board.
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All 2025-26 Washington State bills →
Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗