Washington Reduction of Maximum Retail Service Charges, Initiative 245 (1968)
The Washington Reduction of Maximum Retail Service Charges Initiative, also known as Initiative 245, was on the November 5, 1968 ballot in Washington as an Initiative to the People, where it was approved. The measure reduced the maximum amount which may be assessed as a service charge.
|Washington Initiative 245 (1968)|
Election results via: Washington Secretary of State
Text of measure
The language appeared on the ballot as:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|“||An Act amending the present state law regulating retail installment sales of goods and services by reducing the maximum amount which may be legally assessed as a service charge in connection with retail installment transactions from 18% per year computed monthly on the unpaid balance (1-1/2% per month) to 12% per year computed monthly (1% per month); reducing from $15.00 to $10.00 the alternative service charge that may be assessed on a retail installment contract notwithstanding the 12% maximum; and eliminating two other methods of computing service charges on such contracts which are permitted under the present law.||”|
Path to the ballot
Initiative 245 was filed on April 4, 1968 by Joseph H. Davis and Marvin L. Williams of the Washington State Labor Council, AFL-CIO. 143,395 signatures were submitted to qualify it for the ballot. The measure was placed on the ballot as provided for by the state constitution.
- State of Washington ballot measure election results
- State of Washington 1968 Voters Pamphlet & Local Voters Pamphlet
- List of all State of Washington Initiatives to the People
State of Washington
|State executive officers||
Governor | Lieutenant Governor | Attorney General | Secretary of State | Treasurer | State Auditor | Superintendent of Public Instruction | Commissioner of Insurance | Director of Agriculture | Commissioner of Public Lands | Director of Labor and Industries | Chairman of Utilities and Transportation |