WA People
BILL · 2013–14 SESSION · LATEST VERSION SHB 1034

HB 1034: Escrow agent licensing

Regulating the licensing of escrow agents.

Summary

  • Modifies the definition of "escrow" in the Escrow Agent Registration Act (EARA).
  • Exempts certain entities licensed under the EARA from regulation under the Consumer Loan Act.
  • Gives the Director of the Department of Financial Institutions (Director) greater authority to protect consumers by allowing the Director to take any action on behalf of the licensee to protect consumers.
  • Increases the current fidelity bond amount from $200,000 to $1 million.

From the Substitute House Bill Report (SHB 1034), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 64, Laws of 2013
  1. IntroducedJan 14, 2013
  2. Out of committeeJan 21, 2013
  3. Passed HouseFeb 25, 2013
  4. Passed SenateApr 12, 2013
  5. GovernorApr 25, 2013
  6. LawApr 25, 2013
Prime sponsor
Steve Kirby (D-29)
Introduced
January 14, 2013 in the House
Last action
April 25, 2013
Session law
Chapter 64, Laws of 2013
Budget
Has a fiscal note
Versions
HB 1034, SHB 1034

AN ACT Relating to the licensing of escrow agents;

Sponsors

Prime sponsor: Steve Kirby (D-29)

1 co-sponsor (1 Democrat, 0 Republicans)

Cindy Ryu D-32

Votes

House · Final Passage

Passed February 25, 2013
Version voted on: SHB 1034
92 Yea 0 Nay 0 Absent 6 Excused
PartyYeaNayAbsentExcused
Democrat53002
Republican39004
How each member voted

Yea (92)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 12, 2013
Version voted on: SHB 1034
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat24002
Republican22001
How each member voted

Excused (3)

Permalink to this vote

History

  1. Effective date 7/28/2013. (SHB 1034)
  2. Chapter 64, 2013 Laws. (SHB 1034)
  3. Governor signed. (SHB 1034)
  4. Delivered to Governor. (SHB 1034)
  5. Speaker signed. (SHB 1034)
  6. President signed. (SHB 1034)
  7. Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3. (SHB 1034)
  8. Rules suspended. Placed on Third Reading. (SHB 1034)
  9. Placed on second reading by Rules Committee. (SHB 1034)
  10. Passed to Rules Committee for second reading. (SHB 1034)
  11. FIHI - Majority; do pass. (SHB 1034)
  12. First reading, referred to Financial Institutions, Housing & Insurance. (SHB 1034)
  13. Third reading, passed; yeas, 92; nays, 0; absent, 0; excused, 6. (SHB 1034)
  14. Rules suspended. Placed on Third Reading. (SHB 1034)
  15. 1st substitute bill substituted. (SHB 1034)
  16. 1st substitute bill substituted.
  17. Placed on second reading by Rules Committee. (SHB 1034)
  18. Placed on second reading by Rules Committee.
  19. Referred to Rules 2 Consideration. (SHB 1034)
  20. Referred to Rules 2 Consideration.
  21. Passed to Rules Committee for second reading. (SHB 1034)
  22. Passed to Rules Committee for second reading.
  23. BFS - Majority; 1st substitute bill be substituted, do pass. (SHB 1034)
  24. BFS - Majority; 1st substitute bill be substituted, do pass.
  25. BFS - Executive action taken by committee.
  26. First reading, referred to Business & Financial Services.
  27. Prefiled for introduction.

HB 1034 in other sessions

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

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