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2015 Senate Bill 5299: Updating, clarifying, and strengthening department of financial institutions' enforcement, licensing, and examination statutes relating to residential mortgage lending, and enhancing the crime of mortgage fraud in the residential mortgage lending process

Public Act 229 of 2015

Introduced by Sen. Don Benton (Vancouver) (R) on January 19, 2015
For Bill Information, please click HERE.   Official Text and Analysis.
Referred to the Senate Financial Institutions & Insurance Committee on January 19, 2015
Substitute offered in the Senate on January 22, 2015
Makes technical and grammatical changes.
Referred to the Senate Rules Committee on January 23, 2015
Passed 49 to 0 in the Senate on March 9, 2015.
    See Who Voted "Yes" and Who Voted "No".
Received in the House on March 12, 2015
Referred to the House Business & Financial Services Committee on March 12, 2015
Amendment offered in the House on March 18, 2015
Authorizes the Director of the Department of Financial Institutions to waive licensing provisions for escrow agents under certain conditions. Adds further provisions that constitute the offense of mortgage fraud, specifies venue in mortgage fraud proceedings, and allows civil damages.
Passed 97 to 0 in the House on April 14, 2015.
    See Who Voted "Yes" and Who Voted "No".
Authorizes the Director of the Department of Financial Institutions to waive licensing provisions for escrow agents under certain conditions.
Received in the Senate on April 16, 2015
Passed 45 to 0 in the Senate on April 16, 2015.
    See Who Voted "Yes" and Who Voted "No".
Signed by Gov. Jay Inslee on May 11, 2015