BILL REQ. #: H-0549.1
State of Washington | 58th Legislature | 2003 Regular Session |
Read first time 01/14/2003. Referred to Committee on Financial Institutions & Insurance.
AN ACT Relating to notifying home buyers of where information regarding registered sex offenders may be obtained; adding a new section to chapter 19.149 RCW; adding a new section to chapter 64.06 RCW; and creating a new section.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1 A new section is added to chapter 19.149 RCW
to read as follows:
(1) A lender shall provide to the borrower, prior to the closing of
a residential mortgage loan, a disclosure statement in the following
format that contains the following information:
NEW SECTION. Sec. 2 A new section is added to chapter 64.06 RCW
to read as follows:
In a sale of residential real property in which a real estate
contract as defined in RCW 61.30.010 is involved, or other type of sale
in which a lender as defined in RCW 19.149.010 is not utilized, the
seller shall provide to the buyer, upon the signing of the real estate
contract or the transfer of the deed, whichever occurs first, a
disclosure statement in the following format that contains the
following information:
NEW SECTION. Sec. 3 This act applies prospectively only and not
retroactively. It applies only to transactions occurring on or after
the effective date of this act.