WA People
BILL · 2007–08 SESSION

SB 6381: Mortgage brokers

Establishing fiduciary duties for mortgage brokers.

Summary

  • Establishes a fiduciary duty that is owed by a mortgage broker to a borrower.

From the House Bill Report (SB 6381), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 109, Laws of 2008
  1. IntroducedJan 16, 2008
  2. Out of committeeJan 28, 2008
  3. Passed SenateFeb 6, 2008
  4. Passed HouseMar 4, 2008
  5. GovernorMar 21, 2008
  6. LawMar 21, 2008
Prime sponsor
Brian Weinstein (D-41)
Introduced
January 16, 2008 in the Senate
Last action
March 21, 2008
Session law
Chapter 109, Laws of 2008

AN ACT Relating to fiduciary duties of mortgage brokers;

Sponsors

Prime sponsor: Brian Weinstein (D-41)

7 co-sponsors (7 Democrats, 0 Republicans)

Claudia Kauffman D-47Rodney Tom D-48Darlene Fairley D-32Rosemary McAuliffe D-1Jeanne Kohl-Welles D-36Adam Kline D-37Ed Murray D-43

Votes

Senate · 3rd Reading & Final Passage

Passed February 6, 2008
Version voted on: SB 6381
29 Yea 19 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat28400
Republican11501
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the House

Passed March 4, 2008
Version voted on: SB 6381
93 Yea 0 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat60003
Republican33002
How each member voted

Yea (93)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 10, 2008
Version voted on: SB 6381
35 Yea 9 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat28004
Republican7901
How each member voted
Permalink to this vote

History

  1. Effective date 6/12/2008.
  2. Chapter 109, 2008 Laws.
  3. Governor signed.
  4. Speaker signed.
  5. Delivered to Governor.
  6. President signed.
  7. Passed final passage; yeas, 35; nays, 9; absent, 0; excused, 5.
  8. Senate concurred in House amendments.
  9. Third reading, passed; yeas, 93; nays, 0; absent, 0; excused, 5.
  10. Rules suspended. Placed on Third Reading.
  11. Committee amendment adopted with no other amendments.
  12. Rules Committee relieved of further consideration. Placed on second reading.
  13. Passed to Rules Committee for second reading.
  14. IFCP - Majority; do pass with amendment(s).
  15. IFCP - Executive action taken by committee.
  16. First reading, referred to Insurance, Financial Services & Consumer Protection.
  17. Third reading, passed; yeas, 29; nays, 19; absent, 0; excused, 1.
  18. Rules suspended. Placed on Third Reading.
  19. Placed on second reading by Rules Committee.
  20. Made eligible to be placed on second reading.
  21. Passed to Rules Committee for second reading.
  22. Minority; do not pass.
  23. CPH - Majority; do pass.
  24. First reading, referred to Consumer Protection & Housing.

SB 6381 in other sessions

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

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