Concerning residential mortgage loan escrow accounts.

 H-2590.1

HOUSE BILL 2268

State of Washington

69th Legislature

2026 Regular Session

By Representatives Bernbaum, Reed, Ryu, Taylor, Berg, Parshley, Macri, Fosse, and Hill

Prefiled 01/06/26. Read first time 01/12/26. Referred to Committee on Consumer Protection & Business.

AN ACT Relating to residential mortgage loan escrow accounts; and adding a new chapter to Title 61 RCW.

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

NEW SECTION. Sec. 1. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.

(1) "Mortgage loan servicer" means an entity who has an agreement with a lender or investor of a residential mortgage loan to collect or receive payments on existing obligations due and owing to the lender or investor, including payments of principal, interest, escrow amounts, and other amounts due; collecting fees due to the servicer; or working with the borrower and the licensed lender or servicer to collect data and make decisions necessary to modify certain terms of those obligations either temporarily or permanently.