Washington State Senate – Senate hearings on new laws for mortgage brokers SB 5578. Richard Hagar was involved with the creation of Washington’s original “Mortgage Brokers Practices Act” RCW 19.146 and was asked to speak before the House and Senate regarding updating of the law and including provisions for licensing loan originators as well as mortgage brokers.
Washington State House – House hearings on new laws for mortgage brokers, HB 2340. Richard Hagar was involved with the creation of Washington’s original “Mortgage Brokers Practices Act” RCW 19.146 and was asked to speak before the House and Senate regarding updating of the law and including provisions for licensing loan originators as well as mortgage brokers. View House Bill Report HB 2340.
Washington State Senate – Senate hearings on SB 6167, extending the law that allows the state to collect $1.00 from every real estate recording and apply the funds to a Mortgage Prosecution Account. Funds from the account are used to fund prosecution of mortgage fraud committed by real estate agents, brokers, mortgage brokers and appraisers. Mr. Hagar was asked to speak to the Senate Committee regarding the impacts on this bill on the real estate industry. View Senate Bill Report SB 6167.
Washington State House – House hearings on HB 2338, extending the law that allows the state to collect $1.00 from every real estate recording and apply the funds to a Mortgage Prosecution Account. Funds from the account are used to fund prosecution of mortgage fraud committed by real estate agents, brokers, mortgage brokers and appraisers. Mr. Hagar was asked to speak to the House Committee regarding the impacts on this bill on the real estate industry. View House Bill Report HB 2338.
Washington State Department of Financial Institutions – The mortgage brokerage commission is in the process of revamping laws governing mortgage brokers and loan originators in the state and Mr Hagar was there. Main Rule Making Page, with links to audio, comments and meeting minutes.