Notice of Committee Passage for House Bill 1104

Office of Financial Management

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HB 1104, titled AN ACT Relating to extending the operation of the mortgage lending fraud prosecution account until June 30, 2027, has been passed by the Senate Committee on Financial Institutions, Economic Development & Trade. 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:

Fiscal
Year

   Mortgage Lending Fraud Prosecution

 

2022

$ 520,074

2023

519,567

2024

509,213

2025

499,717

2026

499,717

2027

499,717

2028

499,717

2029

499,717

2030

499,717

2031

499,717

 

Total:

$ 5,046,873


Ten-year projection prepared in consultation with the following agencies:

Dept of Financial Institutions

The following legislators voted do pass:

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

Senator Steve Hobbs
Democrat
(360) 786-7686
steve.hobbs@leg.wa.gov

Senator David Frockt
Democrat
(360) 786-7690
David.Frockt@leg.wa.gov

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

Senator Sharon Brown
Republican
(360) 786-7614
Sharon.Brown@leg.wa.gov

Senator Lynda Wilson
Republican
(360) 786-7632
lynda.wilson@leg.wa.gov

Senator Perry Dozier
Republican
(360) 786-7630
Perry.Dozier@leg.wa.gov



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

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