1998-04-30                     House Journal                      Page 3357
HB 247                                                                       
The Labor & Commerce Committee has considered:                                 
                                                                               
HOUSE BILL NO. 247                                                            
"An Act relating to escrow accounts; and providing for an                     
effective date."                                                               
                                                                               
                                                                               
and recommends it be replaced with:                                            
                                                                               
                                                                               
CS FOR HOUSE BILL NO. 247(L&C)                                                
"An Act relating to the characterization of, use of, segregation of,          
deposit of, interest on, and disbursement of escrow money; relating            
to the recording, filing, and delivery of escrow documents; relating           
to civil penalties for violations of certain escrow provisions by              
escrow settlement agents; relating to the supervision by the                   
Department of Commerce and Economic Development of escrow                      
settlement agents; and authorizing the adoption of regulations to              
implement certain escrow provisions."                                          
                                                                               
                                                                               
The report was signed by Representative Rokeberg, Chair, with the              
following individual recommendations:                                          
                                                                               
Do pass (3):  Sanders, Ryan, Rokeberg                                          
                                                                               
No recommendation (2):  Cowdery, Hudson                                        
                                                                               
                                                                               
The following fiscal note applies to CSHB 247(L&C):                            
                                                                               
Zero fiscal note, Dept. of Commerce & Economic Development,                    
4/30/98                                                                        
                                                                               
                                                                               
HB 247 was referred to the Rules Committee for placement on the                
calendar.                                                                      
                                                                               
                                                                               
**The presence of Representative Foster was noted.