Committee Passage Notice for 2057 2ESHB AMS FI S5434.1

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2ESHB 2057 AMS FI S5434.1, titled AN ACT Relating to the services and processes available when residential real property is abandoned or in foreclosure, has been passed by the Senate Committee on Financial Institutions & Insurance. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

This bill raises fee due from the beneficiary of a trustee’s sale recorded on residential real property from $250 to $325. The total ten-year cost to fee payers is indeterminate because the number of recordings of notices of trustee’s sales is unpredictable at this time and may fluctuate considerably in the future.

The following legislators voted do pass:

Senator Phil Fortunato
Republican
Auburn
(360) 786-7660
phil.fortunato@leg.wa.gov

Senator Bob Hasegawa
Democrat
Seattle
(360) 786-7616
Bob.Hasegawa@leg.wa.gov

Senator Steve Hobbs
Democrat
Lake Stevens
(360) 786-7686
Steve.Hobbs@leg.wa.gov

Senator Jan Angel
Republican
Port Orchard
(360) 786-7650
Jan.Angel@leg.wa.gov

Senator Mark Mullet
Democrat
Issaquah
(360) 786-7608
Mark.Mullet@leg.wa.gov

Senator Patty Kuderer
Democrat
Bellevue
(360) 786-7694
Patty.Kuderer@leg.wa.gov



Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp