Legal Opinion
Johnson v. Cash Store
Court of Appeals of Washington
Decided May 8, 2003No. 21435-4-IIIPublishedCited by 32 opinions
1Opinion of the CourtSchultheis, J.
Under Washington law, a company in the business of making small loans may advance up to $500 on the security of a postdated check, as long as the date of the postdated check is no more than 31 days after the date of the loan. RCW 31.45.010(4), .073(3). These so-called “pay*837day loans” may be subject to interest or fees of up to 15 percent of the principal amount borrowed. RCW 31.45-.073(2).
The Cash Store, also known as Cottonwood Financial, Ltd., loaned Angela Johnson $500. In exchange, Ms. Johnson gave Cash Store a check postdated two weeks later for $575, including a $75 “Finance Charge.”…
2Cases cited32 opinions
- Washington State Physicians Insurance Exchange & Ass'n v. Fisons Corp.Washington Supreme Court · 1993
- Wilson Court v. Tony Maroni'sWashington Supreme Court · 1998
- Wilson Court Ltd. Partnership v. Tony Maroni's, Inc.Washington Supreme Court · 1998
- Griggs v. Averbeck Realty, Inc.Washington Supreme Court · 1979
- Widicus v. Southwestern Electric Cooperative, Inc.Appellate Court of Illinois · 1960
27 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Little v. KingWashington Supreme Court · 2007
- Showalter v. OatsCourt of Appeals of Washington · 2004
- Johnson v. Cash StoreCourt of Appeals of Washington · 2003
- Showalter v. Wild OatsCourt of Appeals of Washington · 2004
- TMT Bear Creek Shopping Center, Inc. v. Petco Animal Supplies, Inc.Court of Appeals of Washington · 2007
27 more not listed; retrieve them via the Exa API.