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Every lender providing a payday loan to Washington residents will have to have a license to do so from DFI. All payday lenders offering loans to Washington citizens have to comply with this law. If the payday lender is not licensed, the payday loan is unenforceable. If the payday lender is charging a higher rate than Washington law makes it possible for, the payday loan is unenforceable. If you have your social security positive aspects or VA payments direct deposited into a bank account that a payday lender has your permission to access , you can redirect where your automatic deposits are produced.
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