WA People
BILL · 2003–04 SESSION · LATEST VERSION SHB 1339

HB 1339: Escrow agents and officers

Regulating escrow agents and officers.

Summary

  • Requires an escrow agent to maintain a fidelity bond in the amount of $1 million.
  • Increases the licensing requirements applicable to escrow agents and officers.
  • Raises licensing fees beginning in fiscal year 2004.
  • Requires escrow agents to periodically report to the Department of Financial Institutions regarding the status of trust accounts.
  • Creates a new category of licensed escrow officer – the "senior escrow officer."

From the Substitute House Bill Report (SHB 1339), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 22, 2003
  2. Out of committeeFeb 27, 2003
  3. Passed HouseMar 12, 2003
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Geoff Simpson (D-47)
Introduced
January 22, 2003 in the House
Last action
January 14, 2004
Requested by
Other
Companion bill
SB 5451
Budget
Has a fiscal note
Versions
HB 1339, SHB 1339

AN ACT Relating to escrow agents and officers;

Sponsors

Prime sponsor: Geoff Simpson (D-47)

2 co-sponsors (1 Democrat, 1 Republican)

Brad Benson R-6Shay Schual-Berke D-33

Votes

House · Final Passage

Passed March 12, 2003
Version voted on: SHB 1339
68 Yea 27 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat51001
Republican172702
How each member voted

Yea (68)

Excused (3)

Permalink to this vote

History

  1. House Rules "X" file. (SHB 1339)
  2. By resolution, reintroduced and retained in present status. (SHB 1339)
  3. By resolution, reintroduced and retained in present status. (SHB 1339)
  4. By resolution, reintroduced and retained in present status. (SHB 1339)
  5. By resolution, returned to House Rules Committee for third reading. (SHB 1339)
  6. First reading, referred to Financial Services, Insurance & Housing. (SHB 1339)
  7. Third reading, passed; yeas, 68; nays, 27; absent, 0; excused, 3. (SHB 1339)
  8. Rules suspended. Placed on Third Reading. (SHB 1339)
  9. 1st substitute bill substituted. (SHB 1339)
  10. 1st substitute bill substituted.
  11. Placed on second reading by Rules Committee. (SHB 1339)
  12. Placed on second reading by Rules Committee.
  13. Made eligible to be placed on second reading. (SHB 1339)
  14. Made eligible to be placed on second reading.
  15. Passed to Rules Committee for second reading. (SHB 1339)
  16. Passed to Rules Committee for second reading.
  17. APP - Majority; do pass 1st substitute bill proposed by Financial Institutions & Insurance. (SHB 1339)
  18. APP - Executive action taken by committee. (SHB 1339)
  19. APP - Executive action taken by committee.
  20. APP - Majority; do pass 1st substitute bill proposed by Financial Institutions & Insurance.
  21. Referred to Appropriations. (SHB 1339)
  22. Referred to Appropriations.
  23. Minority; do not pass. (SHB 1339)
  24. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 1339)
  25. FII - Majority; 1st substitute bill be substituted, do pass.
  26. Minority; do not pass.
  27. FII - Executive action taken by committee.
  28. First reading, referred to Financial Institutions & Insurance.

HB 1339 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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