Washington § 63.14.167 - Lender credit card agreements and financial institution credit card agreements — Credit to account for returned goods or forgiveness of a debit for services — Statement of credit to card issuer — Notice to cardholder.

Full text of Washington Revised Code of Washington § 63.14.167 — Lender credit card agreements and financial institution credit card agreements — Credit to account for returned goods or forgiveness of a debit for services — Statement of credit to card issuer — Notice to cardholder., with citation guidance and answers to common questions.

§ 63.14.167. Lender credit card agreements and financial institution credit card agreements — Credit to account for returned goods or forgiveness of a debit for services — Statement of credit to card issuer — Notice to cardholder.

(1) Pursuant to a lender credit card or financial institution credit card transaction in which a credit card has been used to obtain credit, the seller is a person other than the card issuer, and the seller accepts or allows a return of goods or forgiveness of a debit for services that were the subject of the sale, credit shall be applied to the obligor's account as provided by this section.
(2) Within seven working days after a transaction in which an obligor becomes entitled to credit, the seller shall transmit a statement to the card issuer through the normal channels established by the card issuer for the transmittal of such statements. The credit card issuer shall credit the obligor's account within three working days following receipt of a credit statement from the seller.
(3) The obligor is not responsible for payment of any service charges resulting from the seller's or card issuer's failure to comply with subsection (2) of this section.
(4) An issuer issuing a lender credit card or financial institution credit card shall mail or deliver a notice of the provisions of this section at least once per calendar year, at intervals of not less than six months nor more than eighteen months, either to all cardholders or to each cardholder entitled to receive a periodic statement for any one billing cycle. The notice shall state that the obligor is not responsible for payment of any service charges resulting from the seller's or card issuer's failure to comply with subsection (2) of this section.
[ 1989 c 11 s 24; 1984 c 280 s 11.]

Notes

Severability—1989 c 11: See note following RCW 9A.56.220.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 63.14.167

What does Revised Code of Washington § 63.14.167 cover?

Section 63.14.167 ("Lender credit card agreements and financial institution credit card agreements — Credit to account for returned goods or forgiveness of a debit for services — Statement of credit to card issuer — Notice to cardholder.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

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