Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 63. PERSONAL PROPERTY |
Chapter 63.10. Consumer leases. |
Section 63.10.060. Defense or action of usury—Limitations.
Latest version.
- No person may plead the defense of usury or maintain any action thereon based upon a transaction heretofore entered into if such transaction:(1) Constitutes a "consumer lease" as defined in RCW 63.10.020; or(2) Would constitute such a consumer lease but for the fact that:(i) The lessee was not a natural person;(ii) The lease was not primarily for personal, family, or household purposes; or(iii) The total contractual obligation exceeded twenty-five thousand dollars.