21 Day Limit on Debts Before They Become Loans (WA)

In Washington, there is a 21 day limit to repay debts before they are considered loans. This will have an effect on how the transaction appears on the C4.

For example, if you have an Accrued Expense dated January 1st but the repayment isn't made until February 1st, the debt became a loan after 21 days had past and is now considered a loan. The date it became a loan will then be shown on the report.