[Agentcontactsall1] More info on E2SSB 5686 (Foreclosure Prevention Fee)

Mon Jul 14 20:24:21 PDT 2025

Hello WLTA Members,

Please see below regarding the additional information received by the WLTA on SB 5686 (Foreclosure Prevention Fee).

Note that you may receive more than one copy of this email because you are on overlapping distribution lists.

Ashley B. Callahan
WLTA, President
Direct Line: 425.835.7404
acallahan at ortc.com<mailto:acallahan at ortc.com>

From: WA OIC <insurance.wa at public.govdelivery.com<mailto:insurance.wa at public.govdelivery.com>>
Sent: Monday, July 14, 2025 12:01 PM
To: EXECDIRECTOR at WASHINGTONLANDTITLE.COM<mailto:EXECDIRECTOR at WASHINGTONLANDTITLE.COM>
Subject: More info on E2SSB 5686 (Foreclosure Prevention Fee)

Updates from the OIC

[Office of the Insurance Commissioner][https://image-tracking-service.us-1.mimecastcybergraph.com/v1/image?imageData=yPMMkzlMS92O6cRuIdnw5txIIfhQ3yEDGYwXKnHFl4ozqST49YVA%2FUzXeNPbDLf8h49%2F9FoImvf576hrmID7ZbEMOw%2FRpCWYNUkS29ueGRLBlYYTL3r5ZuzzaVkf%2Bo57F7aRw%2F%2BlwfkMMbHOfbn%2F%2F%2Fvrj%2FUM5X%2FgMY4QNqXtISplkVnb08hehurVwL%2BH%2FKa9w0whYAFh4NYq5XMdT44rB%2F%2FhAiA6qzp2IN6XG68TK2sjAGFNIePK48QK%2BBDbofgJAzQzn%2FnhFvz%2BUtf6GaLQojMDjBzBsvIEyrlBCidrtlmDxN546z8BwJr9MYe2J%2FgwpbKfHZ%2B7GsC%2BGTwRovAD7HbnLY5eIgA%2FeM1w]
More info on E2SSB 5686 (Foreclosure Prevention Fee)

This message is is being sent on behalf of the Washington State Department of Commerce to share information about the new Foreclosure Prevention Fee as outlined in Section 8 of E2SSB 5686<https://links-2.govdelivery.com/CL0/https:%2F%2Fapp.leg.wa.gov%2Fbillsummary%2F%3FBillNumber=5686%26Initiative=false%26Year=2025%26utm_content=%26utm_medium=email%26utm_name=%26utm_source=govdelivery%26utm_term=/1/010101980a5000bc-8b6c081b-ba42-4318-82d9-2ac95bb57cbf-000000/PSdBA2CtTjecCu6pGmhXfF3xtBTuCyG6X6Q-5ZM97vY=413>.

  *   Frequently Asked Questions – Foreclosure Prevention Fee<https://links-2.govdelivery.com/CL0/https:%2F%2Fdeptofcommerce.box.com%2Fs%2Ftflh4no7p5hq3okl0qs33rhcj9fhqczq%3Futm_content=%26utm_medium=email%26utm_name=%26utm_source=govdelivery%26utm_term=/1/010101980a5000bc-8b6c081b-ba42-4318-82d9-2ac95bb57cbf-000000/txcoFf4DsFGXL_rXX4iewYP6-74UsREDAVtDD3atUlA=413>

Please note, the FAQ document is subject to change and more information will be added as necessary. Please refer to the link above for the most recent version. This link will also be available on the Department of Commerce's Foreclosure Fairness website<https://links-2.govdelivery.com/CL0/https:%2F%2Fwww.commerce.wa.gov%2Fhomeownership%2Fforeclosure-fairness%2F%3Futm_content=%26utm_medium=email%26utm_name=%26utm_source=govdelivery%26utm_term=/1/010101980a5000bc-8b6c081b-ba42-4318-82d9-2ac95bb57cbf-000000/3cnG5UL2P315m8FxhiEcFCjQ_1SwW7GA9rnHd1hw3_w=413> under the “Foreclosure Prevention Fee” dropdown menu.

Detailed payment instructions and individualized payment agreement information will be available in the coming days with an additional announcement.

**Please share this information widely with your respective stakeholder groups**

Please do not hesitate to reach out with any question or concerns<mailto:foreclosuremediaton at commerce.wa.gov>.

________________________________
[Washington Office of Insurance Commissioner]<https://links-2.govdelivery.com/CL0/http:%2F%2Fwww.insurance.wa.gov%3Futm_content=%26utm_medium=email%26utm_name=%26utm_source=govdelivery%26utm_term=/1/010101980a5000bc-8b6c081b-ba42-4318-82d9-2ac95bb57cbf-000000/4zs0tNQi_7P5DCXN_yiF6eKTR4oHiaphpWI1IvYdPIA=413>

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This email was sent to EXECDIRECTOR at WASHINGTONLANDTITLE.COM<mailto:EXECDIRECTOR at WASHINGTONLANDTITLE.COM> using GovDelivery Communications Cloud on behalf of: Washington State Office of the Insurance Commissioner · PO Box 40255, Olympia WA 98504-0255
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