BILL REQ. #:  S-3791.1 

Read first time 01/14/10.   Referred to Committee on Financial Institutions, Housing & Insurance.

     AN ACT Relating to eliminating the prevent or reduce owner-occupied foreclosure program account; creating a new section; repealing RCW 43.320.160, 43.320.165, and 43.320.170; and repealing 2009 c 386 s 5 (uncodified).

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

NEW SECTION.  Sec. 1   The following acts or parts of acts are each repealed:
     (1) RCW 43.320.160 (Prevent or reduce owner-occupied foreclosure program -- Report) and 2009 c 386 s 1 & 2008 c 322 s 1;
     (2) RCW 43.320.165 (Prevent or reduce owner-occupied foreclosure program account) and 2009 c 386 s 2 & 2008 c 322 s 2;
     (3) RCW 43.320.170 (Prevent or reduce owner-occupied foreclosure program -- Households served) and 2009 c 386 s 3 & 2008 c 322 s 3; and
     (4) 2009 c 386 s 5 (uncodified).

NEW SECTION.  Sec. 2   No later than December 31, 2010, the state treasurer shall transfer to the Washington financial education public-private partnership account the unexpended balance of the prevent or reduce owner-occupied foreclosure program account as of the effective date of this section.