Eliminating the exemption for assignments or substitutions of previously recorded deeds of trust from the document recording fee and the covenant homeownership program assessment.

 H-1165.1

HOUSE BILL 1858

State of Washington

69th Legislature

2025 Regular Session

By Representatives Scott, Doglio, Mena, Parshley, Street, Cortes, Thai, Simmons, Macri, and Ormsby

Read first time 02/06/25. Referred to Committee on Appropriations.

AN ACT Relating to eliminating the exemption for assignments or substitutions of previously recorded deeds of trust from the document recording fee and the covenant homeownership program assessment; and amending RCW 36.22.185 and 36.22.250 .

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

Sec. 1. RCW 36.22.185 and 2023 c 340 s 2 are each amended to read as follows:

(1) Beginning January 1, 2024, except as provided in subsection (2) of this section, the county auditor must collect a covenant homeownership program assessment of $100 for each document recorded, which is in addition to any other charge, surcharge, or assessment allowed by law. The county auditor may retain up to one percent of the moneys for collection of the assessment and must remit the remainder of the moneys to the state treasurer to be deposited in the covenant homeownership account created in RCW 43.181.020 .