Notice of Introduction for House Bill 1874: Update - 10 Year Analysis Complete
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UPDATE: The 10 year analysis for HB 1874, titled AN ACT Relating to protecting consumers from predatory loans, has been completed. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost
to the taxpayers or affected fee payers.
Ten-year projection:
Fiscal |
Assessment Fees: Consumer Loan Companies |
Examination Fee: Consumer Loan Companies |
Licensing Fee: Consumer Loan Companies |
Total |
|
|
|||||
2024 |
$0 |
$0 |
$0 |
$0 |
|
2025 |
$270,278 |
$0 |
$84,977 |
$355,255 |
|
2026 |
$270,278 |
$46,920 |
$0 |
$317,198 |
|
2027 |
$270,278 |
$46,920 |
$0 |
$317,198 |
|
2028 |
$270,278 |
$46,920 |
$0 |
$317,198 |
|
2029 |
$270,278 |
$46,920 |
$0 |
$317,198 |
|
2030 |
$270,278 |
$46,920 |
$0 |
$317,198 |
|
2031 |
$270,278 |
$46,920 |
$0 |
$317,198 |
|
2032 |
$270,278 |
$46,920 |
$0 |
$317,198 |
|
2033 |
$270,278 |
$46,920 |
$0 |
$317,198 |
|
|
|||||
Total: |
$2,432,502 |
$375,360 |
$84,977 |
$2,892,839 |
Ten-year projection prepared in consultation with the following agencies:
Dept of Financial Institutions
Bill sponsors and contact information:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp