WA People
BILL · 2009–10 SESSION · LATEST VERSION EHB 1311

HB 1311: Reverse mortgage lending

Regulating reverse mortgage lending practices.

Summary

  • Establishes financial requirements for certain reverse mortgage lenders.
  • Provides contractual standards for certain reverse mortgage loans.

From the Engrossed House Bill Report (EHB 1311), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 149, Laws of 2009
  1. IntroducedJan 19, 2009
  2. Out of committeeFeb 19, 2009
  3. Passed HouseMar 3, 2009
  4. Passed SenateApr 8, 2009
  5. GovernorApr 21, 2009
  6. LawApr 24, 2009
Prime sponsor
Steve Kirby (D-29)
Introduced
January 19, 2009 in the House
Last action
April 24, 2009
Session law
Chapter 149, Laws of 2009
Requested by
Other
Companion bill
SB 5400
Budget
Has a fiscal note

AN ACT Relating to reverse mortgage lending;

Sponsors

Prime sponsor: Steve Kirby (D-29)

6 co-sponsors (5 Democrats, 1 Republican)

Barbara Bailey R-10Dawn Morrell D-25Pat Sullivan D-47Phyllis Gutierrez Kenney D-46Geoff Simpson D-47Sharon Nelson D-34

Votes

House · Final Passage

Passed March 3, 2009
Version voted on: EHB 1311
97 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat62000
Republican35000
How each member voted

Yea (97)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 8, 2009
Version voted on: EHB 1311
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat30001
Republican17001
How each member voted

Yea (47)

Excused (2)

Permalink to this vote

History

  1. Effective date 7/26/2009. (EHB 1311)
  2. Chapter 149, 2009 Laws. (EHB 1311)
  3. Governor signed. (EHB 1311)
  4. Delivered to Governor. (EHB 1311)
  5. President signed. (EHB 1311)
  6. Speaker signed. (EHB 1311)
  7. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2. (EHB 1311)
  8. Rules suspended. Placed on Third Reading. (EHB 1311)
  9. Placed on second reading by Rules Committee. (EHB 1311)
  10. Made eligible to be placed on second reading. (EHB 1311)
  11. FIHI - Majority; do pass. (EHB 1311)
  12. Passed to Rules Committee for second reading. (EHB 1311)
  13. First reading, referred to Financial Institutions, Housing & Insurance. (EHB 1311)
  14. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 0. (EHB 1311)
  15. Rules suspended. Placed on Third Reading. (EHB 1311)
  16. Floor amendment(s) adopted. (EHB 1311)
  17. Placed on second reading by Rules Committee. (EHB 1311)
  18. Passed to Rules Committee for second reading. (EHB 1311)
  19. APPG - Executive action taken by committee. (EHB 1311)
  20. APPG - Majority; do pass. (EHB 1311)
  21. Referred to General Government Appropriations. (EHB 1311)
  22. FII - Executive action taken by committee. (EHB 1311)
  23. FII - Majority; do pass. (EHB 1311)
  24. First reading, referred to Financial Institutions & Insurance. (EHB 1311)

HB 1311 in other sessions

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

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