Washington Cash Loans

State Law

Washington state law requires cash advance lenders to be licensed. Payday loans must be accompanied by a written contract that specifically outlines all of the charges and fees. Loans that exceed $700 are prohibited. While civil action is allowed, payday advance lenders may not pursue criminal action against a borrower.

Maximum Loan

$700 is the maximum payday advance loan, excluding fees, allowed by law.

Loan Terms

Loan terms vary - they can be anywhere from 31 to 45 days.


Washington law does not permit extensions or rollovers.

Fee Limits

Finance fees cannot exceed 15% of the first $500 borrowed and 10% of the remaining balance. The lender may also charge a one-time non-sufficient fund fee of $25 in addition to any collection costs.

Washington Cash Loan Debate

If you feel a payday lender is operating unfairly or engaging in illegal collection practices, you can contact your Washington Attorney General:

Office of the Attorney General
1125 Washington St SE
PO BOX 40100
Olympia, WA 98504