WA People
BILL · 2011–12 SESSION · LATEST VERSION ESHB 2614

HB 2614: Homeowners in crisis

Limiting deficiency judgments pertaining to residual debts following short sales of owner-occupied residential property secured by deeds of trust. (REVISED FOR PASSED LEGISLATURE: Assisting homeowners in crisis by providing alternatives, remedies, and assistance. )

Summary

  • Requires certain notifications to sellers involved in short sales, and limits the time in which a beneficiary may collect the outstanding debt after a short sale.
  • Amends the Foreclosure Fairness Act to, among other things: change when a borrower may be referred to mediation; provide mediator discretion in some circumstances; provide immunity for all foreclosure mediators; clarify what information a beneficiary and borrower must provide each other before mediation; and change the allocation of funds remitted by beneficiaries.
  • Makes other changes to the Deeds of Trust Act, including increasing the time period between the trustee sale and the recording of the notice of sale for owner-occupied residential real property.
  • Creates a process to rescind a trustee sale in limited circumstances.

From the Engrossed Substitute House Bill Report (ESHB 2614), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 185, Laws of 2012
  1. IntroducedJan 18, 2012
  2. Out of committeeJan 31, 2012
  3. Passed HouseFeb 13, 2012
  4. Passed SenateFeb 29, 2012
  5. GovernorMar 29, 2012
  6. LawMar 29, 2012
Prime sponsor
Phyllis Gutierrez Kenney (D-46)
Introduced
January 18, 2012 in the House
Last action
March 29, 2012
Session law
Chapter 185, Laws of 2012
Versions
HB 2614, ESHB 2614

AN ACT Relating to assisting homeowners in crisis by providing alternatives, remedies, and assistance;

Sponsors

Prime sponsor: Phyllis Gutierrez Kenney (D-46)

3 co-sponsors (3 Democrats, 0 Republicans)

Cindy Ryu D-32Bob Hasegawa D-11Sharon Tomiko Santos D-37

Votes

House · Final Passage

Passed February 13, 2012
Version voted on: ESHB 2614
69 Yea 29 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican132900
How each member voted

Yea (69)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed February 29, 2012
Version voted on: ESHB 2614
48 Yea 1 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat27000
Republican21100
How each member voted

Yea (48)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed March 5, 2012
Version voted on: ESHB 2614
47 Yea 1 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat26001
Republican21100
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the Senate

Passed March 6, 2012
Version voted on: ESHB 2614
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican41001
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

History

  1. Effective date 6/7/2012*. (ESHB 2614)
  2. Chapter 185, 2012 Laws. (ESHB 2614)
  3. Governor signed. (ESHB 2614)
  4. President signed. (ESHB 2614)
  5. Speaker signed. (ESHB 2614)
  6. Delivered to Governor. (ESHB 2614)
  7. Passed final passage; yeas, 97; nays, 0; absent, 0; excused, 1. (ESHB 2614)
  8. House concurred in Senate amendments. (ESHB 2614)
  9. Third reading, passed; yeas, 47; nays, 1; absent, 0; excused, 1. (ESHB 2614)
  10. Rules suspended. Placed on Third Reading. (ESHB 2614)
  11. Floor amendment(s) adopted. (ESHB 2614)
  12. Returned to second reading for amendment. (ESHB 2614)
  13. Rules suspended. (ESHB 2614)
  14. Senate receded from amendments. (ESHB 2614)
  15. House refuses to concur in Senate amendments. Asks Senate to recede from amendments. (ESHB 2614)
  16. Third reading, passed; yeas, 48; nays, 1; absent, 0; excused, 0. (ESHB 2614)
  17. Rules suspended. Placed on Third Reading. (ESHB 2614)
  18. Floor amendment(s) adopted. (ESHB 2614)
  19. Committee amendment not adopted. (ESHB 2614)
  20. Placed on second reading by Rules Committee. (ESHB 2614)
  21. FIHI - Majority; do pass with amendment(s). (ESHB 2614)
  22. Passed to Rules Committee for second reading. (ESHB 2614)
  23. First reading, referred to Financial Institutions, Housing & Insurance. (ESHB 2614)
  24. Third reading, passed; yeas, 69; nays, 29; absent, 0; excused, 0. (ESHB 2614)
  25. Rules suspended. Placed on Third Reading. (ESHB 2614)
  26. Floor amendment(s) adopted. (ESHB 2614)
  27. 1st substitute bill substituted. (ESHB 2614)
  28. 1st substitute bill substituted.
  29. Placed on second reading by Rules Committee. (ESHB 2614)
  30. Placed on second reading by Rules Committee.
  31. Referred to Rules 2 Review. (ESHB 2614)
  32. Referred to Rules 2 Review.
  33. JUDI - Majority; 1st substitute bill be substituted, do pass. (ESHB 2614)
  34. JUDI - Executive action taken by committee.
  35. JUDI - Majority; 1st substitute bill be substituted, do pass.
  36. First reading, referred to Judiciary.

HB 2614 in other sessions

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

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