RCW 19.52.130
Charge made by assignee of retail installment contract or charge agreement to seller-assignor not limited by chapter—No agreement between credit card issuing bank and retailer shall prohibit discounts for cash payment.
(1) Nothing contained in this chapter shall be deemed to limit any charge made by an assignee of a retail installment contract or charge agreement to the seller-assignor upon the sale, transfer, assignment, or discount of the contract or agreement, notwithstanding retention by the assignee of recourse rights and notwithstanding duties retained by the assignee to service delinquencies, perform service or warranty agreements regarding the property which is the subject matter of the assigned or discounted contracts or charge agreements, or to do or perform any other duty with respect to the account or contract assigned or the subject matter of such account or contract.
(2) No agreement between a credit card issuing bank and retailer shall prohibit the retailer from granting general discounts for the payment of cash, not in excess of the percentage allowed by Regulation Z, the Federal Truth in Lending Act.
[ 1981 c 77 § 8.]
NOTES:
Application, saving—1981 c 77: See RCW 63.14.903.
Structure Revised Code of Washington
Title 19 - Business Regulations—Miscellaneous
Chapter 19.52 - Interest—Usury.
19.52.005 - Declaration of policy.
19.52.020 - Highest rate permissible—Setup charges.
19.52.025 - Computation of rates—Publication in the Washington State Register.
19.52.030 - Usury—Penalty upon suit on contract—Costs and attorneys' fees.
19.52.032 - Declaratory judgment action to establish usury—Time limitations for commencing.
19.52.034 - Application of chapter 19.52 RCW to loan or forbearance made outside state.
19.52.036 - Application of consumer protection act.
19.52.060 - Interest on charges in excess of published rates.
19.52.100 - Chapter not applicable to retail installment transactions.
19.52.110 - Limitations in chapter not applicable to interest charged by broker-dealers—When.
19.52.120 - Sales contract providing for deferred payment of purchase price not subject to chapter.
19.52.140 - Chapter not applicable to interest, penalties, or costs on delinquent property taxes.
19.52.160 - Chapter not applicable to mobile homes.
19.52.170 - Chapter not applicable to certain loans from tax-qualified retirement plan.