BILL · 2023–24 SESSION · LATEST VERSION ESSB 5968

SB 5968: Home equity sharing

Regulating home equity sharing agreements under the consumer loan act.

Summary

Establishes the regulation of home equity sharing agreements under the definition of a residential mortgage loan under the Consumer Loan Act.

From the Engrossed Substitute House Bill Analysis 2024 (ESSB 5968), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House

AN ACT Relating to regulating home equity sharing agreements under the consumer loan act;

Passed February 8, 2024

Version voted on: ESSB 5968

29 Yea 20 Nay 0 Absent 0 Excused

Party	Yea	Nay	Absent	Excused
Democrat	29	0	0	0
Republican	0	20	0	0

How each member voted

Mar 7, 2024By resolution, returned to Senate Rules Committee for third reading. (ESSB 5968)
Feb 12, 2024First reading, referred to Consumer Protection & Business. (ESSB 5968)
Feb 8, 2024Third reading, passed; yeas, 29; nays, 20; absent, 0; excused, 0. (ESSB 5968)
Feb 8, 2024Rules suspended. Placed on Third Reading. (ESSB 5968)
Feb 8, 2024Floor amendment(s) adopted. (ESSB 5968)
Feb 8, 20241st substitute bill substituted. (ESSB 5968)
Feb 8, 20241st substitute bill substituted.
Feb 2, 2024Placed on second reading by Rules Committee. (ESSB 5968)
Feb 2, 2024Placed on second reading by Rules Committee.
Jan 26, 2024Passed to Rules Committee for second reading. (ESSB 5968)
Jan 26, 2024Passed to Rules Committee for second reading.
Jan 25, 2024BFGT - Majority; 1st substitute bill be substituted, do pass. (ESSB 5968)
Jan 25, 2024Minority; do not pass. (ESSB 5968)
Jan 25, 2024Minority; do not pass.
Jan 25, 2024BFGT - Majority; 1st substitute bill be substituted, do pass.
Jan 8, 2024First reading, referred to Business, Financial Services, Gaming & Trade.
Jan 4, 2024Prefiled for introduction.

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

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SB 5968 (2015–16) Foreclosure proceedings · Did not pass · died in committee
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