Washington Reduction of Maximum Retail Service Charges, Initiative 245 (1968)

From Ballotpedia
Revision as of 08:53, 23 September 2013 by RyanB (Talk | contribs)

Jump to: navigation, search
Voting on
Business Regulation
Business regulation.jpg
Ballot Measures
By state
By year
Not on ballot
Ballot measures
in Washington State
Seal of Washington.jpg
Constitutional amendments
Initiatives to the People
Initiatives to the Legislature
Statutes referred by Legislature
Veto referendums
Political topics on the ballot
LawsHistoryConstitution

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.[1]

Election results

Washington Initiative 245 (1968)
ResultVotesPercentage
Approveda Yes 642,902 53.8%
No551,39446.2%

Election results via: Washington Secretary of State

Text of measure

The language that appeared on the ballot:[1]

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.[2]

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.[3]

See also

BP-Initials-UPDATED.png
Suggest a link

External links

References

  1. 1.0 1.1 Office of the Secretary of State, "1968 Voters Pamphlet", accessed August 27, 2013
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
  3. Washington Secretary of State, "Initiatives to the People", accessed August 26, 2013