Loading chat...
WA SB5109
Bill
Status
Engrossed
3/3/2025
Primary Sponsor
Claudia Kauffman
Click for details
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 distributes account funds and develops rules for their use in consultation with the attorney general and local prosecutors
- Surcharge exemption maintained for assignments or substitutions of previously recorded deeds of trust
Legislative Description
Concerning the mortgage lending fraud prosecution account.
Last Action
Rules Committee relieved of further consideration. Placed on second reading.
3/5/2026
Committee Referrals
Rules3/2/2026
Appropriations1/26/2026
Rules4/27/2025
Rules3/24/2025
Appropriations3/5/2025
Rules2/19/2025
Ways & Means1/29/2025
Business, Financial Services & Trade1/13/2025
Full Bill Text
No bill text available