H-3239.1          _______________________________________________

                                  HOUSE BILL 2249

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State of Washington              52nd Legislature             1992 Regular Session

By Representatives Broback, Dellwo, Mielke, Forner, Tate, Zellinsky, Winsley, D. Sommers, Casada, Paris, May, Mitchell and Silver

Prefiled 12/18/91.  Read first time 01/13/92.  Referred to Committee on Financial Institutions & Insurance.Requiring the disclosure of certain interests during real estate transactions.

     AN ACT Relating to the conveyance of real property; and adding a new section to chapter 64.04 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 64.04 RCW to read as follows:

     Any party, including but not limited to the sellers, buyers, real estate agents, attorneys, or lenders, to a real estate transaction who has any financial or ownership interest in the escrow company being utilized in the transaction must disclose in a separate, distinct paragraph within any real estate contract their interest in the escrow company.