Washington 2025-2026 Regular Session Status: Passed House 3 D cosponsors

HB 2361 — Concerning the maximum principal amount of small loans.

Last action — House Rules "X" file.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the House. Introduced January 09, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Prognosis

Stalled 32% · moderate confidence

Where this bill stands today.

Odds of enactment

Moderate

How often bills like it became law.

  • Passed House

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

62 added · 60 removed

Plain-language change summary

The amendments to House Bill 2361 change how often the maximum amount for small loans will be adjusted; instead of being updated every two years, it will now be updated annually starting in 2027. Additionally, the department of financial institutions will now share this information on its website and through press releases, making it more widely accessible. This change is important as it ensures that loan limits keep pace with inflation more frequently, helping borrowers avoid excessive debt in times of rising living costs.

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H-3327.1 SUBSTITUTE HOUSE BILL 2361 State of Washington 69th Legislature 2026 Regular Session By House Consumer Protection & Business (originally sponsored by Representatives Donaghy, Hackney, and Fosse) READ FIRST TIME 02/03/26.
H-2559.1 HOUSE BILL 2361 State of Washington 69th Legislature 2026 Regular Session By Representatives Donaghy, Hackney, and Fosse Prefiled 01/09/26.
Read first time 01/12/26.
Referred to Committee on Consumer Protection & Business.
1 SHB 2361 both the borrower and the licensee and no additional fee or interest is charged.
1 HB 2361 both the borrower and the licensee and no additional fee or interest is charged.
(b) Beginning January 1, 2027, and biennially thereafter, the department of financial institutions shall determine the inflation-adjusted maximum principal amount of any small loan allowed under (a) of this subsection, by calculating to the nearest cent using the consumer price index.
(b) Beginning January 1, 2027, and annually thereafter, the department of financial institutions shall calculate the inflation- adjusted maximum principal amount of any small loan, or the outstanding principal balances of all small loans made by all licensees to a single borrower, at any one time allowed under (a) of this subsection, by calculating to the nearest cent using the consumer price index.
The department of financial institutions shall publish the information in the Washington state register.
The department of financial institutions shall publish the information on its website and in a press release.
If a licensee makes more than one loan to a single borrower, and the aggregated principal of all loans made to that borrower exceeds ((five hundred dollars)) $500 p.
If a licensee makes more p.
2 SHB 2361 at any one time, the licensee may charge interest or fees not to exceed in the aggregate ((ten)) 10 percent on that portion of the aggregated principal of all loans at any one time that is in excess of ((five hundred dollars)) $500.
2 HB 2361 than one loan to a single borrower, and the aggregated principal of all loans made to that borrower exceeds ((five hundred dollars)) $500 at any one time, the licensee may charge interest or fees not to exceed in the aggregate ((ten)) 10 percent on that portion of the aggregated principal of all loans at any one time that is in excess of ((five hundred dollars)) $500.
3 SHB 2361
3 HB 2361
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Action History

  1. House Rules "X" file.

  2. Returned to Rules Committee for second reading.

  3. Rules Committee relieved of further consideration. Placed on second reading.

  4. Referred to Rules 2 Review.

  5. Minority; do not pass.

  6. CPB - Majority; 1st substitute bill be substituted, do pass.

  7. Executive action taken in the House Committee on Consumer Protection & Business at 8:00 AM.

  8. Public hearing in the House Committee on Consumer Protection & Business at 1:30 PM.

  9. First reading, referred to Consumer Protection & Business.

  10. Prefiled for introduction.

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 148 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (148)

148 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 2361?
HB 2361 is sponsored by Mary Fosse (Democrat), David Hackney (Democrat), and Brandy Donaghy (Democrat).
What is the current status of HB 2361?
This bill has passed the House. Introduced January 09, 2026. It now moves to the second chamber.
Where can I track HB 2361?
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