No person may plead the defense of usury or maintain any action thereon or therefor for the interest charged on the unpaid balance of a contract for the sale and purchase of personal property which was not purchased primarily for personal, family or household use or real property if the purchase was made after May 1, 1980 and prior to March 1, 1981.
RCW 19.52.090
Defense of usury or maintaining action thereon prohibited for certain types of transactions after May 1, 1980, and prior to March 1, 1981.
Applied in 3 court decisions — leading case Sundance Land Corp. v. Community First Federal Savings & Loan Ass'n (1988)
Most recently applied in Sundance Land Corporation v. Community First Federal Savings and Loan Association (February 1988)
1981 c 78 s 9.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.