63.10.060 - Defense or action of usury -- Limitations. - Washington Statutes

Defense or action of usury — Limitations.

No person may plead the defense of usury or maintain any action thereon based upon a transaction heretofore entered into if such transaction:

     (1) Constitutes a "consumer lease" as defined in RCW 63.10.020; or

     (2) Would constitute such a consumer lease but for the fact that:

     (i) The lessee was not a natural person;

     (ii) The lease was not primarily for personal, family, or household purposes; or

     (iii) The total contractual obligation exceeded twenty-five thousand dollars.

[1983 c 158 § 8.]