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Can you summarize WARC 63.14.125?
Retail installment sales of goods and services. > Lender credit card agreementsSecurity interests prohibited.
Short Summary
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. [ 1984 c 280 4.]
Jurisdiction
Washington