S-3103.1          _______________________________________________

 

                                 SENATE BILL 6163

                  _______________________________________________

 

State of Washington              52nd Legislature             1992 Regular Session

 

By Senators Skratek and Bailey

 

Read first time 01/20/92.  Referred to Committee on Governmental Operations.Recording flood insurance documents.


     AN ACT Relating to recording flood insurance documents; and amending RCW 65.08.160.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

 

     Sec. 1.  RCW 65.08.160 and 1967 c 148 s 1 are each amended to read as follows:

     A mortgage or deed of trust of real estate may be recorded and constructive notice of the same and the contents thereof given in the following manner:

     (1) An instrument containing a form or forms of covenants, conditions, obligations, powers, and other clauses of a mortgage or deed of trust, or the flood insurance rate map in the case of counties participating in the national flood insurance program as established by 42 U.S.C. Sec. 4001 et seq., may be recorded in the office of the county auditor of any county and the auditor of such county, upon the request of any person, on tender of the lawful fees therefor, shall record the same.  Every such instrument shall be entitled on the face thereof as a "Master form recorded by  .  .  .    (name of person causing the instrument to be recorded)."  Such instrument need not be acknowledged to be entitled to record.

     (2) When any such instrument is recorded, the county auditor shall index such instrument under the name of the person causing it to be recorded in the manner provided for miscellaneous instruments relating to real estate.

     (3) Thereafter any of the provisions of such master form instrument may be incorporated by reference in any mortgage or deed of trust of real estate situated within this state, if such reference in the mortgage or deed of trust states that the master form instrument was recorded in the county in which the mortgage or deed of trust is offered for record, the date when and the book and page or pages where such master form instrument was recorded, and that a copy of such master form instrument was furnished to the person executing the mortgage or deed of trust.  The recording of any mortgage or deed of trust which has so incorporated by reference therein any of the provisions of a master form instrument recorded as provided in this section shall have like effect as if such provisions of the master form so incorporated by reference had been set forth fully in the mortgage or deed of trust.

     (4) Whenever a mortgage or deed of trust is presented for recording on which is set forth matter purporting to be a copy or reproduction of such master form instrument or of part thereof, identified by its title as provided in subdivision (1) of this section and stating the date when it was recorded and the book and page where it was recorded, preceded by the words "do not record" or "not to be recorded," and plainly separated from the matter to be recorded as a part of the mortgage or deed of trust in such manner that it will not appear upon a photographic reproduction of any page containing any part of the mortgage or deed of trust, such matter shall not be recorded by the county auditor to whom the instrument is presented for recording; in such case the county auditor shall record only the mortgage or deed of trust apart from such matter and shall not be liable for so doing, any other provisions of law to the contrary notwithstanding.