Title 63, PERSONAL PROPERTY

This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately [May 5, 1995]. [ 1995 c 249 s 5.]

In any lease or rental agreement for the lease of movable personal property for use primarily in this state (other than a lease under which the lessee is authorized to use such property at no charge), if the rental or other consideration paid or payable thereunder is at a rate wh…

As used in this chapter, unless the context otherwise requires: (1) "Advertisement" means a commercial message in any medium that aids, promotes, or assists, directly or indirectly, a lease-purchase agreement. (2) "Cash price" means the price at which the lessor would have sold t…

(1) Lease-purchase agreements that comply with this chapter are not governed by the laws relating to: (a) A consumer lease as defined in chapter 63.10 RCW; (b) A retail installment sale of goods or services as regulated under chapter 63.14 RCW; (c) A security interest as defined …

(1) The lessor shall disclose to the consumer the information required under this chapter. In a transaction involving more than one lessor, only one lessor need make the disclosures, but all lessors shall be bound by such disclosures. (2) The disclosure shall be made at or before…

(1) For each lease-purchase agreement, the lessor shall disclose in the agreement the following items, as applicable: (a) The total number, total amount, and timing of all payments necessary to acquire ownership of the property; (b) A statement that the consumer will not own the …

A lease-purchase agreement may not contain: (1) A confession of judgment; (2) A negotiable instrument; (3) A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease-purchase agreement; (4) A wage as…

(1) A consumer who fails to make a timely rental payment may reinstate the agreement, without losing any rights or options that exist under the agreement, by the payment of: (a) All past due rental charges; (b) If the property has been picked up, the reasonable costs of pickup an…

A lessor shall provide the consumer a written receipt for each payment made by cash or money order. [ 1992 c 134 s 8.]

(1) A renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. However, events such as the following …

(1) If an advertisement for a lease-purchase agreement refers to or states the dollar amount of any payment and the right to acquire ownership for any one specific item, the advertisement shall also clearly and conspicuously state the following items, as applicable: (a) That the …

Upon the return of leased upholstered furniture or bedding, the lessor shall sanitize the property. A lessor shall not lease used upholstered furniture or bedding that has not been sanitized. [ 1992 c 134 s 11.]

The Washington lease-purchase agreement act is a matter affecting the public interest for the purpose of applying chapter 19.86 RCW. The violation of this chapter is not reasonable in relation to the development and preservation of business. A violation of this chapter constitute…

This act may be known and cited as the Washington lease-purchase agreement act. [ 1992 c 134 s 1.]

(1) Any person who finds property that is not unlawful to possess, the owner of which is unknown, and who wishes to claim the found property, shall: (a) Within seven days of the finding acquire a signed statement setting forth an appraisal of the current market value of the prope…

The finder's claim to the property shall be extinguished: (1) If the owner satisfactorily establishes, within sixty days after the find was reported to the appropriate officer or, if so designated under RCW 63.21.090, the appropriate entity, the owner's right to possession of the…

(1) The found property shall be released to the finder and become the property of the finder sixty days after the find was reported to the appropriate officer or designee if no owner has been found, or sixty days after the final disposition of any judicial or other official proce…

Any finder of property who fails to discharge the duties imposed by this chapter shall forfeit all right to the property and shall be liable for the full value of the property to its owner. [ 1979 ex.s. c 85 s 4.]

(1) The chief law enforcement officer, his or her designated representative, or other designated entity under RCW 63.21.090 to whom a finder surrenders property, must: (a) Advise the finder if the found property is illegal for him or her to possess; (b) Advise the finder if the f…

Any governmental entity that acquires lost property shall attempt to notify the apparent owner of the property. If the property is not returned to a person validly establishing ownership or right to possession of the property, the governmental entity shall forward the lost proper…

An employee, officer, or agent of a governmental entity who finds or acquires any property covered by this chapter while acting within the course of his or her employment may not claim possession of the lost property as a finder under this chapter unless the governing body of the…

This chapter shall not apply to: (1) Motor vehicles under chapter 46.52 RCW; (2) Unclaimed property in the hands of a bailee under chapter 63.24 RCW; (3) Uniform disposition of unclaimed property under *chapter 63.29 RCW; (4) Secured vessels under chapter 79A.65 RCW; and (5) Crab…

(1) Except as provided in subsection (2) of this section, a county, city, or town may designate an alternate department or governmental entity to accept, store, retain, and dispose of found property as required under this chapter, rather than the chief law enforcement officer or …

Unless otherwise provided between the parties, if personal property deposited with a bailee is unclaimed for a period of thirty days, the bailee shall notify the owner, if known, either personally or by mail that the property is subject to disposition under RCW 63.24.160. [ 1981 …

If property not covered by chapter 63.26 RCW remains unclaimed sixty days after notice is given, or, if the owner's identity or address is unknown, sixty days from when notice was attempted, the bailee shall: (1) If the reasonable aggregate value of the unclaimed property is less…

A bailee is not liable to the owner for unclaimed property disposed of in good faith in accordance with the requirements of this chapter. A bailee shall be reimbursed from the proceeds of sale of any unclaimed property disposed of under RCW 63.24.160 for the reasonable costs or c…

Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Museum or historical society" means an institution operated by a nonprofit corporation, nonprofit association, or public agency, primarily educational, scientific, h…

Any property held by a museum or historical society within the state, other than by terms of a loan agreement, that has been held for five years or more and has remained unclaimed shall be deemed to be abandoned. Such property shall become the property of the museum or historical…

(1) Property subject to a loan agreement which is on loan to a museum or historical society shall be deemed to be donated to the museum or society if no claim is made or action filed to recover the property after termination or expiration of the loan and if the museum or society …

(1) When a museum or historical society is required to give notice of abandonment of property or of termination of a loan, the museum or historical society shall send an initial notice by certified mail, return receipt requested, to the last known owner at the most recent address…

(1) If no written assertion of title has been presented by the owner to the museum or society within 90 days from the date of the third notice provided, title to the property shall vest in the museum or historical society, free of all claims of the owner and of all persons claimi…

The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Administrator" means the department of revenue established under RCW 82.01.050. (2) "Administrator's agent" means a person with which the administrator contracts to c…

This chapter does not apply to property held, due, and owing in a foreign country if the transaction out of which the property arose was a foreign transaction. [ 2022 c 225 s 103.]

The administrator may adopt rules under chapter 34.05 RCW to implement and administer this chapter. [ 2022 c 225 s 104.]

Subject to RCW 63.30.120, the following property is presumed abandoned if it is unclaimed by the apparent owner during the period specified below: (1) A traveler's check, 15 years after issuance; (2) A money order, five years after issuance; (3) A state or municipal bond, bearer …

(1) Subject to RCW 63.30.120, property held in a pension account or retirement account that qualifies for tax deferral under the income tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner three years after the later of: (a) The following d…

Subject to RCW 63.30.120 and except for property described in RCW 63.30.050 and property held in a plan described in section 529A of the internal revenue code, as it existed on January 1, 2023, 26 U.S.C. Sec. 529A, property held in an account or plan, including a health savings a…

(1) Subject to RCW 63.30.120, property held in an account established under a state's uniform gifts to minors act or uniform transfers to minors act is presumed abandoned if it is unclaimed by or on behalf of the minor on whose behalf the account was opened three years after the …

Tangible property held in a safe deposit box and proceeds from a sale of the property by the holder permitted by law of this state other than this chapter are presumed abandoned if the property remains unclaimed by the apparent owner five years after the earlier of the: (1) Expir…

(1) Subject to RCW 63.30.120, the net card value of a stored value card, other than a payroll card, is presumed abandoned on the latest of three years after: (a) The card is issued or additional funds are deposited into it; (b) The most recent indication of interest in the card b…

(1) Subject to RCW 63.30.120, a security is presumed abandoned three years after: (a) The date a second consecutive communication sent by the holder by first-class United States mail to the apparent owner is returned to the holder undelivered by the United States postal service; …

At and after the time property is presumed abandoned under this chapter, any other property right or interest accrued or accruing from the property and not previously presumed abandoned is also presumed abandoned. [ 2022 c 225 s 208.]

(1) The proceeds of any prearrangement funeral service contract for which money paid is required to be deposited in a trust, including money required to be deposited in a trust under RCW 18.39.250, is presumed abandoned three years after the earlier of the following: (a) The date…

(1) The period after which property is presumed abandoned is measured from the later of: (a) The date the property is presumed abandoned under this section and RCW 63.30.040 through 63.30.110, 63.30.130, and 63.30.140; or (b) The latest indication of interest by the apparent owne…

(1) In this section, "death master file" means the United States social security administration death master file or other database or service that is at least as comprehensive as the United States social security administration death master file for determining that an individua…