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

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.

SB 5109, titled AN ACT Relating to the mortgage lending fraud prosecution account, has been passed by the Senate Committee on Ways & Means. 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 Steve Conway
Democrat
(360) 786-7656
steve.conway@leg.wa.gov

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

Senator Jamie Pedersen
Democrat
(360) 786-7628
jamie.pedersen@leg.wa.gov

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

Senator Marcus Riccelli
Democrat
(360) 786-7604
marcus.riccelli@leg.wa.gov

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

Senator Drew Hansen
Democrat
(360) 786-7644
drew.hansen@leg.wa.gov

Senator Annette Cleveland
Democrat
(360) 786-7696
annette.cleveland@leg.wa.gov

Senator June Robinson
Democrat
(360) 786-7674
june.robinson@leg.wa.gov

Senator Yasmin Trudeau
Democrat
(360) 786-7652
yasmin.trudeau@leg.wa.gov

Senator Noel Frame
Democrat
(360) 786-7670
noel.frame@leg.wa.gov

Senator Lisa Wellman
Democrat
(360) 786-7641
lisa.wellman@leg.wa.gov

Senator Rebecca Saldaña
Democrat
(360) 786-7688
rebecca.saldana@leg.wa.gov

Senator Manka Dhingra
Democrat
(360) 786-7672
manka.dhingra@leg.wa.gov

Senator Claire Wilson
Democrat
(360) 786-7658
claire.wilson@leg.wa.gov


The following legislators voted to refer the bill without recommendation:

Senator Judy Warnick
Republican
(360) 786-7624
judith.warnick@leg.wa.gov

Senator Keith Wagoner
Republican
(360) 786-7676
keith.wagoner@leg.wa.gov

Senator Matt Boehnke
Republican
(360) 786-7614
matt.boehnke@leg.wa.gov

Senator Chris Gildon
Republican
(360) 786-7648
chris.gildon@leg.wa.gov

Senator Ron Muzzall
Republican
(360) 786-7618
ron.muzzall@leg.wa.gov

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

Senator Nikki Torres
Republican
(360) 786-7684
Nikki.Torres@leg.wa.gov


The following legislators voted do not pass:

Senator Mark Schoesler
Republican
(360) 786-7620
mark.schoesler@leg.wa.gov


Not voting:

Senator John Braun
Republican
(360) 786-7638
john.braun@leg.wa.gov



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

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