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BILL · 2005–06 SESSION · LATEST VERSION EHB 2340

HB 2340: Mortgage brokers

Regulating mortgage brokers and loan originators.

Summary

Requires the annual expiration of mortgage broker licenses and creates a renewal process.
Expands the time-frame during which the Director of the Department of Financial Institutions (Director) may conduct a compliance examination of mortgage broker licensees.
Requires licensing of loan originators.
Applies prohibited practice standards to loan originators.
Provides the Director with various specific grants of rule-making authority.

From the House Bill Report (HB 2340), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 19, Laws of 2006

IntroducedJan 9, 2006
Out of committeeJan 30, 2006
Passed HouseFeb 11, 2006
Passed SenateFeb 28, 2006
GovernorMar 9, 2006
LawMar 9, 2006

Prime sponsor: Steve Kirby (D-29)
Introduced: January 9, 2006 in the House
Last action: March 9, 2006
Session law: Chapter 19, Laws of 2006
Requested by: Other
Companion bill: SB 6166
Budget: Has a fiscal note

AN ACT Relating to mortgage brokers and loan originators;

Sponsors

Prime sponsor: Steve Kirby (D-29)

4 co-sponsors (3 Democrats, 1 Republican)

Dan Roach R-31 Maralyn Chase D-32 Phyllis Gutierrez Kenney D-46 Geoff Simpson D-47

Votes

House · Final Passage

Passed February 11, 2006

Version voted on: EHB 2340

89 Yea 6 Nay 0 Absent 3 Excused

Party	Yea	Nay	Absent	Excused
Democrat	52	1	0	3
Republican	37	5	0	0

How each member voted

Yea (89)

Nay (6)

Excused (3)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed February 28, 2006

Version voted on: EHB 2340

48 Yea 0 Nay 1 Absent 0 Excused

Party	Yea	Nay	Absent	Excused
Democrat	25	0	1	0
Republican	23	0	0	0

How each member voted

Yea (48)

Absent (1)

Lisa Brown D-3

Permalink to this vote

History

Mar 9, 2006Effective date 1/1/2007. (EHB 2340)
Mar 9, 2006Chapter 19, 2006 Laws. (EHB 2340)
Mar 9, 2006Governor signed. (EHB 2340)
Mar 8, 2006Delivered to Governor. (EHB 2340)
Mar 3, 2006President signed. (EHB 2340)
Mar 1, 2006Speaker signed. (EHB 2340)
Feb 28, 2006Third reading, passed; yeas, 48; nays, 0; absent, 1; excused, 0. (EHB 2340)
Feb 28, 2006Rules suspended. Placed on Third Reading. (EHB 2340)
Feb 27, 2006Placed on second reading by Rules Committee. (EHB 2340)
Feb 23, 2006FHC - Majority; do pass. (EHB 2340)
Feb 23, 2006Passed to Rules Committee for second reading. (EHB 2340)
Feb 14, 2006First reading, referred to Financial Institutions, Housing & Consumer Protection. (EHB 2340)
Feb 11, 2006Third reading, passed; yeas, 89; nays, 6; absent, 0; excused, 3. (EHB 2340)
Feb 11, 2006Rules suspended. Placed on Third Reading. (EHB 2340)
Feb 11, 2006Floor amendment(s) adopted. (EHB 2340)
Feb 9, 2006Placed on second reading by Rules Committee. (EHB 2340)
Jan 30, 2006Passed to Rules Committee for second reading. (EHB 2340)
Jan 25, 2006APP - Majority; do pass. (EHB 2340)
Jan 25, 2006APP - Executive action taken by committee. (EHB 2340)
Jan 16, 2006Referred to Appropriations. (EHB 2340)
Jan 12, 2006FII - Majority; do pass. (EHB 2340)
Jan 12, 2006FII - Executive action taken by committee. (EHB 2340)
Jan 9, 2006First reading, referred to Financial Institutions & Insurance. (EHB 2340)
Dec 20, 2005Prefiled for introduction. (EHB 2340)

HB 2340 in other sessions

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

HB 2340 (2025–26) Nursing assistants/SUD prg. · Enacted · Chapter 59, Laws of 2026
HB 2340 (2023–24) Military service/DOL fees · Did not pass · died in committee
HB 2340 (2019–20) WSP retirement/index def. · Did not pass · passed House, stalled in Senate
HB 2340 (2017–18) Alternative fuel vehicle tax · Did not pass · died in committee
HB 2340 (2015–16) State health insurance pool · Did not pass · passed House, stalled in Senate
HB 2340 (2013–14) WA health benefit exchange · Did not pass · died in committee
HB 2340 (2011–12) Public records act · Did not pass · died in committee
HB 2340 (2009–10) Child predatory drug act · Did not pass · died in committee

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