WA People
BILL · 2003–04 SESSION · LATEST VERSION SSB 6402

SB 6402: Landlord trust accounts

Giving landlords the flexibility to deposit landlord trust account funds in any financial institution.

Summary

  • Allows a landlord to hold a tenant's security deposit in a credit union.
  • Removes authority for a landlord to hold these funds with a licensed escrow agent.

From the Substitute House Bill Analysis (SSB 6402), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 136, Laws of 2004
  1. IntroducedJan 19, 2004
  2. Out of committeeFeb 4, 2004
  3. Passed SenateFeb 12, 2004
  4. Passed HouseMar 4, 2004
  5. GovernorMar 26, 2004
  6. LawMar 26, 2004
Prime sponsor
Don Benton (R-17)
Introduced
January 19, 2004 in the Senate
Last action
March 26, 2004
Session law
Chapter 136, Laws of 2004
Companion bill
HB 2715
Versions
SB 6402, SSB 6402

AN ACT Relating to giving landlords the flexibility to deposit landlord trust account funds in any financial institution;

Sponsors

Prime sponsor: Don Benton (R-17)

4 co-sponsors (3 Democrats, 1 Republican)

Marilyn Rasmussen D-2Shirley Winsley R-28Karen Keiser D-33Jeanne Kohl-Welles D-36

Votes

Senate · 3rd Reading & Final Passage

Passed February 12, 2004
Version voted on: SSB 6402
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

Yea (49)

Permalink to this vote

House · FP as Amd by the House

Passed March 4, 2004
Version voted on: SSB 6402
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat50002
Republican44002
How each member voted

Yea (94)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 9, 2004
Version voted on: SSB 6402
43 Yea 0 Nay 0 Absent 6 Excused
PartyYeaNayAbsentExcused
Democrat22002
Republican21004
How each member voted
Permalink to this vote

History

  1. Effective date 6/10/2004. (SSB 6402)
  2. Chapter 136, 2004 Laws. (SSB 6402)
  3. Governor signed. (SSB 6402)
  4. President signed. (SSB 6402)
  5. Speaker signed. (SSB 6402)
  6. Delivered to Governor. (SSB 6402)
  7. Passed final passage; yeas, 43; nays, 0; absent, 0; excused, 6. (SSB 6402)
  8. Senate concurred in House amendments. (SSB 6402)
  9. Rules suspended. Placed on Third Reading. (SSB 6402)
  10. Third reading, passed; yeas, 94; nays, 0; absent, 0; excused, 4. (SSB 6402)
  11. Committee amendment adopted with no other amendments. (SSB 6402)
  12. Placed on second reading by Rules Committee. (SSB 6402)
  13. Passed to Rules Committee for second reading. (SSB 6402)
  14. FII - Executive action taken by committee. (SSB 6402)
  15. FII - Majority; do pass with amendment(s). (SSB 6402)
  16. First reading, referred to Financial Institutions & Insurance. (SSB 6402)
  17. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 6402)
  18. Rules suspended. Placed on Third Reading. (SSB 6402)
  19. 1st substitute bill substituted. (SSB 6402)
  20. 1st substitute bill substituted.
  21. Placed on second reading by Rules Committee. (SSB 6402)
  22. Placed on second reading by Rules Committee.
  23. Passed to Rules Committee for second reading. (SSB 6402)
  24. Passed to Rules Committee for second reading.
  25. FSIH - Majority; 1st substitute bill be substituted, do pass. (SSB 6402)
  26. FSIH - Majority; 1st substitute bill be substituted, do pass.
  27. First reading, referred to Financial Services, Insurance & Housing.

SB 6402 in other sessions

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

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