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WA HB2193

Bill

Official Source

Status

Introduced

1/12/2026

Primary Sponsor

Cindy Ryu

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Increases the surcharge on recording deeds of trust from $1 to $5, collected by county auditors to fund mortgage lending fraud prosecution
  • County auditors may retain up to 5% of collected funds for administrative costs, with remaining funds deposited into the state mortgage lending fraud prosecution account
  • Removes the June 30, 2027 expiration date, making the surcharge and prosecution account permanent
  • Department of Financial Institutions oversees fund distribution in consultation with the attorney general and local prosecutors for criminal prosecution of mortgage lending fraud
  • Surcharge exemption continues to apply to assignments or substitutions of previously recorded deeds of trust

Legislative Description

Concerning the mortgage lending fraud prosecution account.

Last Action

First reading, referred to Appropriations.

1/12/2026

Committee Referrals

Appropriations1/12/2026

Full Bill Text

No bill text available