SENATE BILL REPORT

SB 5194

BYSenators Talmadge and Newhouse; by request of Department of Licensing

Revising fees under the Uniform Commercial Code.

Senate Committee on Judiciary

Senate Hearing Date(s):January 20, 1987

Majority Report:  Do pass.

      Signed by Senators Talmadge, Chairman; Halsan, Vice Chairman; McCaslin, Moore, Nelson, Newhouse.

Senate Staff:Jon Carlson (786-7459)

                  February 27, 1987

AS PASSED SENATE, FEBRUARY 27, 1987

BACKGROUND:

Current Uniform Commercial Code provisions specify the dollar amount of fees for filing security interest, financing statements, statements of release, statements of assignment, and for obtaining debtor's certificates.  They do not allow the Department of Licensing to recoup the expenses incurred when farmers and agricultural lenders use the Department's field computers.  Also, they do not allow the Department to charge fees for the filing of processor or preparer liens.

SUMMARY:

The statutory dollar amounts are eliminated and the Department of Licensing is given authority to promulgate rules that prescribe standard filing forms, fees, and uniform procedures.  The Department is also given rulemaking authority to devise a system for recouping the phone and computer access charges the Department incurs when the public uses its field computers.

Fiscal Note:      requested

Senate Committee - Testified: Ken Mark, Department of Licensing