A lender credit card agreement may not contain any provision for a security interest in real or personal property or fixtures of the buyer to secure payment of performance of the buyer's obligation under the lender credit card agreement.
RCW 63.14.125
Lender credit card agreements—Security interests prohibited.
Applied in 2 court decisions — leading case 132 Wash. 2d 433 - Cazzanigi v. General Electric Credit Corp. (1997)
Most recently applied in 132 Wash. 2d 433 - Cazzanigi v. General Elec. Credit Corp. (June 1997)
1984 c 280 s 4.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.