Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

AGLO 1978 NO. 9 >

A state regulated credit union may legally take action which will have the effect of extending a loan beyond the applicable four-year or eight-year statutory limit without violating RCW 31.12.270, but only so long as the extension is and remains at the discretion of the credit union and does not become, in some manner, a contractual right of the borrower.