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Washington Maximum Interest Rate on Retail Sales, Initiative 412 (1982)

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A Maximum Interest Rate on Retail Sales, Initiative 412 ballot proposition was on the November 2, 1982 ballot in the State of Washington as an Initiative to the People, where it was defeated.

Election results

Initiative 412
ResultVotesPercentage
Defeatedd No880,13566.03%
Yes 452,710 33.97%

Text of measure

The question asked on the ballot was, "Shall the maximum interest rate on retail sales be the higher of 12% or 1% over the federal discount rate?"

Path to the ballot

I-412 was filed on January 4, 1982 by Marvin L. Williams and Lawrence G. Kenney. 183,249 signatures were submitted to qualify it for the ballot.

See also

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