Notice of Introduction for Senate Bill 5109 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 02/12/2026 03:49 PM PST
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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 |
Mortgage Loan Fraud Prosecution Account Recording Fee |
|
|
|
||
|
2026 |
$0 |
|
|
2027 |
$1,051,620 |
|
|
2028 |
$1,247,100 |
|
|
2029 |
$1,265,655 |
|
|
2030 |
$1,275,760 |
|
|
2031 |
$1,275,760 |
|
|
2032 |
$1,275,760 |
|
|
2033 |
$1,275,760 |
|
|
2034 |
$1,275,760 |
|
|
2035 |
$1,275,760 |
|
|
|
||
|
Total: |
$11,218,935 |
|
Ten-year projection prepared in consultation with the following agencies:
Dept of Financial Institutions
Department of Commerce
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