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WashingtonSB 59382025-2026 Regular SessionSenateWALLET

Concerning the foreclosure prevention fee.

Sponsored By: Member 14205

Became Law

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 1 costs, 1 mixed.

Loans that skip the $80 fee

Some loans are exempt from the $80 foreclosure prevention fee. Reverse mortgages to a borrower age 60 or older do not pay it. Chattel loans and retail installment contracts to buy a dwelling that is personal property do not pay it. If you buy up to a four‑unit home using certain state homeownership programs, the fee can be charged only on the first‑lien mortgage.

New $80 mortgage closing fee

When you close a residential mortgage on property in Washington, you pay an $80 foreclosure prevention fee. The escrow or settlement agent collects it at closing and sends it to the state foreclosure fairness account. You can add the fee to your loan or pay it in cash at closing. The fee must appear in your loan disclosures, but lenders may leave it out of the finance charge/APR. You must get a notice about the fee and its purpose at or before it is charged.

State sets rules to run fee

The state department can set policies and procedures to collect, manage, and enforce the foreclosure prevention fee. It may make remittance agreements with closing agents and adopt rules to carry out the law.

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Sponsors & Cosponsors

Sponsor

  • Member 14205

    House

Cosponsors

  • Derek Stanford

    Democratic • Senate

  • T'wina Nobles

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 156 • No: 36

Senate vote • 3/9/2026

Final Passage as Amended by the House

Yes: 48 • No: 1

House vote • 3/3/2026

Final Passage as Amended by the House

Yes: 59 • No: 35 • Other: 4

Senate vote • 2/4/2026

3rd Reading & Final Passage

Yes: 49 • No: 0

Actions Timeline

  1. Effective date 6/11/2026.

    3/23/2026Senate

  2. Chapter 156, 2026 Laws.

    3/23/2026Senate

  3. Governor signed.

    3/23/2026legislature

  4. Delivered to Governor.

    3/12/2026legislature

  5. Speaker signed.

    3/11/2026legislature

  6. President signed.

    3/10/2026legislature

  7. Passed final passage; yeas, 48; nays, 1; absent, 0; excused, 0.

    3/9/2026Senate

  8. Senate concurred in House amendments.

    3/9/2026House

  9. Third reading, passed; yeas, 59; nays, 35; absent, 0; excused, 4.

    3/3/2026Senate

  10. Rules suspended. Placed on Third Reading.

    3/3/2026Senate

  11. Committee amendment(s) adopted with no other amendments.

    3/3/2026Senate

  12. Rules Committee relieved of further consideration. Placed on second reading.

    3/2/2026Senate

  13. Referred to Rules 2 Review.

    2/25/2026Senate

  14. HOUS - Executive action taken by committee.

    2/23/2026Senate

  15. Minority; without recommendation.

    2/23/2026Senate

  16. HOUS - Majority; do pass with amendment(s).

    2/23/2026Senate

  17. First reading, referred to Housing.

    2/6/2026Senate

  18. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.

    2/4/2026Senate

  19. Rules suspended. Placed on Third Reading.

    2/4/2026Senate

  20. 1st substitute bill substituted.

    2/4/2026Senate

  21. Placed on second reading consent calendar.

    1/28/2026Senate

  22. Passed to Rules Committee for second reading.

    1/19/2026Senate

  23. HSG - Majority; 1st substitute bill be substituted, do pass.

    1/16/2026Senate

  24. First reading, referred to Housing.

    1/12/2026Senate

  25. Prefiled for introduction.

    12/23/2025Senate

Bill Text

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