Washington Initiative 412, Maximum Interest Rate on Retail Sales Measure (1982)
| Washington Initiative 412 | |
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| Election date |
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| Topic Business regulations |
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| Status |
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| Type Initiated state statute |
Origin |
Washington Initiative 412 was on the ballot as an initiated state statute in Washington on November 2, 1982. It was defeated.
A “yes” vote supported setting a maximum annual interest rate of 12% for retail installment contracts. |
A “no” vote opposed setting a maximum annual interest rate of 12% for retail installment contracts. |
Election results
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Washington Initiative 412 |
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| Result | Votes | Percentage | ||
| Yes | 452,710 | 33.97% | ||
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880,135 | 66.03% | ||
Text of measure
Ballot title
The ballot title for Initiative 412 was as follows:
| “ | Shall the maximum interest rate on retail sales be the higher of 12% or 1% over the federal discount rate? | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In Washington, proponents needed to collect a number of signatures for an Initiative to the People.
See also
External links
Footnotes
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State of Washington Olympia (capital) |
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