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