Notice of Committee Passage for Senate Bill 5109 - 10 Year Analysis Complete

Office of Financial Management

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SB 5109, titled AN ACT Relating to the mortgage lending fraud prosecution account, has been passed by the Senate Committee on Business, Financial Services & 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 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

The following legislators voted do pass:

Senator John Lovick
Democrat
(360) 786-7686
john.lovick@leg.wa.gov

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

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

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

Senator Adrian Cortes
Democrat
(360) 786-7634
Adrian.Cortes@leg.wa.gov


The following legislators voted to refer the bill without recommendation:

Senator Jim McCune
Republican
(360) 786-7602
jim.mccune@leg.wa.gov

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

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

Senator Jeff Wilson
Republican
(360) 786-7636
Jeff.Wilson@leg.wa.gov



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

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