|
|

Washington Loans: What you need to know

Washington law does not prohibit employers from making loans to employees. Consequently, employers may arrange for deductions to be made from an employee's wages to repay the loans. Deductions must be authorized by the employee in writing (oral agreements are not binding), must be included on the statement of deductions provided with each paycheck, and must be clearly recorded in the employer's books and records (WA Rev. Code Sec. 49.48.010, Sec. 49.52.060).
An employer or former employer is still allowed to sue or collect any debt owed by its employees or former employees.

>> Read more about Loans

More on this topic:

State Requirements

National | Alabama | Arizona | California | Connecticut | Florida | Georgia | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maryland | Massachusetts | Michigan | Minnesota | Missouri | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Tennessee | Texas | Utah | Virginia | Washington | Wisconsin |

Washington Loans Resources

Loans Products

Wage Payments Webinar Recording
BLR Webinar: "Wage Payments: What You Can and Can’t Legally Deduct from Employees’ Pay""
Free Special Reports
Get Your FREE HR Management Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Critical HR Recordkeeping

Record retention is complex and time consuming. However, in addition to complying with various federal and state laws, keeping good, well-organized records can be very helpful in documenting and supporting an organization’s employment actions.
Download Now!


This special report will discuss how you can ensure your records are in good order, and establish a record-retention policy.

Topics covered:
1. Hiring Records
2. Employment Relationships
3. Termination Records
4. Litigation Issues
5. Electronic Information Issues
6. Tips for Better Recordkeeping
7. A List of Legal Requirements

Make sure you have the information you need to know to keep your records in order.