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WA HB1500
Bill
Status
3/12/2026
Primary Sponsor
Julia Reed
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AI Summary
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Amends RCW 64.90.640 to require associations to provide the most recent financial audit report available (rather than only the prior year's audit) and the full current reserve study (rather than just a summary) in resale certificates for common interest community units
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Caps resale certificate preparation fees at $275 for standard service and allows an additional $100 for rush service (72-hour turnaround), with up to $100 for updates within six months of a previous request
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Prohibits associations from requiring unit owners to contract with or establish accounts with third parties to pay for or receive resale certificates
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Expands purchaser protections by shielding buyers from liability for undisclosed unit alterations that the association should have reasonably known about, and establishes a 5-day cancellation period after first receiving the resale certificate
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Requires authorized agents who charge fees for resale certificates to assume liability for fees charged, timeliness, accuracy, and completeness, with unit owners able to recover attorneys' fees, costs, and damages in enforcement actions
Legislative Description
Concerning resale certificates for units in common interest communities.
Last Action
Delivered to Governor.
3/12/2026