10 Year Analysis Complete for Senate Bill 5109

Office of Financial Management

Having trouble viewing this email? View it as a Web page.

Bookmark and Share

You are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a bill that raises taxes or fees is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.

Please note: This email message was sent from a notification-only address. Please do not reply to this message.

UPDATE: The 10 year analysis for SB 5109, titled AN ACT Relating to the mortgage lending fraud prosecution account, has been completed. 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 Loan Fraud Prosecution Account Recording Fee

 

2026

$1,052,610

2027

$1,302,940

2028

$1,695,110

2029

$2,006,055

2030

$1,514,179

2031

$1,514,179

2032

$1,514,179

2033

$1,514,179

2034

$1,514,179

2035

$1,514,179

 

Total:

$15,141,789


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

Dept of Financial Institutions


Bill sponsors and contact information:

Senator Claudia Kauffman, Prime Sponsor
Democrat
(360) 786-7692
claudia.kauffman@leg.wa.gov

Senator Derek Stanford
Democrat
(360) 786-7600
derek.stanford@leg.wa.gov

Senator Liz Lovelett
Democrat
(360) 786-7678
liz.lovelett@leg.wa.gov

Senator T'wina Nobles
Democrat
(360) 786-7654
T'wina.Nobles@leg.wa.gov




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

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