WA People
BILL · 2015–16 SESSION · LATEST VERSION SHB 2876

HB 2876: Deed of trust foreclosure

Addressing the foreclosure of deeds of trust.

Summary

  • Revises expenditures from the Foreclosure Fairness Account (Account).
  • Changes the trigger for remittances to the Account, repealing the section that required certain beneficiaries to remit based on the number of notices of default issued and including a new section that requires certain beneficiaries to remit based on the number of recorded notices of trustees' sale.

From the Substitute House Bill Report (SHB 2876), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 196, Laws of 2016
  1. IntroducedJan 25, 2016
  2. Out of committeeFeb 9, 2016
  3. Passed HouseFeb 16, 2016
  4. Passed SenateMar 4, 2016
  5. GovernorApr 1, 2016
  6. LawApr 1, 2016
Prime sponsor
Tina Orwall (D-33)
Introduced
January 25, 2016 in the House
Last action
April 1, 2016
Session law
Chapter 196, Laws of 2016
Budget
Has a fiscal note
Versions
HB 2876, SHB 2876

AN ACT Relating to the foreclosure of deeds of trust;

Sponsors

Prime sponsor: Tina Orwall (D-33)

2 co-sponsors (1 Democrat, 1 Republican)

Steve Kirby D-29Dan Griffey R-35

Votes

House · Final Passage

Passed February 16, 2016
Version voted on: SHB 2876
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican47001
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed March 4, 2016
Version voted on: SHB 2876
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican24001
How each member voted

Excused (1)

Permalink to this vote

History

  1. Effective date 7/1/2016. (SHB 2876)
  2. Chapter 196, 2016 Laws. (SHB 2876)
  3. Governor signed. (SHB 2876)
  4. Delivered to Governor. (SHB 2876)
  5. President signed. (SHB 2876)
  6. Speaker signed. (SHB 2876)
  7. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (SHB 2876)
  8. Rules suspended. Placed on Third Reading. (SHB 2876)
  9. Placed on second reading by Rules Committee. (SHB 2876)
  10. Passed to Rules Committee for second reading. (SHB 2876)
  11. FI - Majority; do pass. (SHB 2876)
  12. First reading, referred to Financial Institutions & Insurance. (SHB 2876)
  13. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. (SHB 2876)
  14. Placed on third reading. (SHB 2876)
  15. Committee recommendations adopted and the 1st substitute bill substituted. (SHB 2876)
  16. Committee recommendations adopted and the 1st substitute bill substituted.
  17. Placed on second reading suspension calendar. (SHB 2876)
  18. Rules Committee relieved of further consideration. (SHB 2876)
  19. Rules Committee relieved of further consideration.
  20. Placed on second reading suspension calendar.
  21. Referred to Rules 2 Review. (SHB 2876)
  22. APP - Majority; do pass 1st substitute bill proposed by Judiciary. (SHB 2876)
  23. APP - Majority; do pass 1st substitute bill proposed by Judiciary.
  24. Referred to Rules 2 Review.
  25. Referred to Appropriations. (SHB 2876)
  26. Referred to Appropriations.
  27. JUDI - Majority; 1st substitute bill be substituted, do pass. (SHB 2876)
  28. JUDI - Majority; 1st substitute bill be substituted, do pass.
  29. First reading, referred to Judiciary (Not Officially read and referred until adoption of Introduction report).

HB 2876 in other sessions

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

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