FINAL BILL REPORT

                  HB 1086

 

                          C 62 L 95

                     Synopsis as Enacted

 

Brief Description:  Revising provisions relating to personal property liens and security interests.

 

Sponsors:  Representatives Hickel and Appelwick; by request of Law Revision Commission.

 

House Committee on Law & Justice

Senate Committee on Law & Justice

 

Background:  The Washington Law Revision Commission is directed by statute to review the Revised Code of Washington and recommend improvements to the Legislature.  The commission recommends that several technical changes and clarifications be made to provisions relating to personal property lien foreclosures and that obsolete references to "chattel mortgages" be deleted.

 

Summary:  A provision of the code concerning foreclosure of personal property liens is rewritten for clarification and is recodified from the chapter dealing with real property foreclosure to the chapter dealing with personal property foreclosure.  Several provisions of the code are amended to refer to the recodified section.

 

A new section is added making the judicial foreclosure procedures for real estate mortgages applicable to the foreclosure of personal property security interests covered by Article 9 of the UCC.

 

A reference to "chattel mortgage" is deleted, and a section concerning chattel mortgages is repealed.

 

Two sections of the code whose information is incorporated into Section 1 of the bill are decodified.

 

Votes on Final Passage:

 

House     93 0

     Senate    47 0

 

Effective:  July 23, 1995