Washington Code 19.170.050 – Simulated checks — Continuing obligation checks — Notice
Current as of: 2023 | Check for updates
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(1) No person may produce, advertise, offer for sale, sell, distribute, or otherwise transfer for use in this state a simulated check unless the document bears the phrase “THIS IS NOT A CHECK,” diagonally printed in type at least as large as the predominant typeface in the simulated check on the front of the check itself.
Terms Used In Washington Code 19.170.050
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
(2) No person, other than a financial institution, may produce, advertise, offer for sale, sell, distribute, or otherwise transfer for use in this state a continuing obligation check unless the document bears the phrase “THIS IS A LOAN” or “CASHING THIS REQUIRES REPAYMENT,” diagonally printed in type at least as large as the predominant typeface in the continuing obligation check on the front of the check itself.
[ 1991 c 227 § 5.]