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<title>More info on E2SSB 5686 (Foreclosure Prevention Fee)</title>
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<p class="MsoNormal"><span style="font-size:11.0pt">Hello WLTA Members,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Please see below regarding the additional information received by the WLTA on SB 5686 (Foreclosure Prevention Fee).
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:11.0pt">Note that you may receive more than one copy of this email because you are on overlapping distribution lists.
</span></i><span style="font-size:11.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#003087">Ashley B. Callahan</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#003087"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">WLTA, President<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Direct Line: 425.835.7404<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><a href="mailto:acallahan@ortc.com"><span style="color:#003087">acallahan@ortc.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> WA OIC <<a href="mailto:insurance.wa@public.govdelivery.com">insurance.wa@public.govdelivery.com</a>>
<br>
<b>Sent:</b> Monday, July 14, 2025 12:01 PM<br>
<b>To:</b> <a href="mailto:EXECDIRECTOR@WASHINGTONLANDTITLE.COM">EXECDIRECTOR@WASHINGTONLANDTITLE.COM</a><br>
<b>Subject:</b> More info on E2SSB 5686 (Foreclosure Prevention Fee)<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:1.0pt;font-family:"Helvetica",sans-serif;color:white">Updates from the OIC
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="mso-bookmark:gd_top"><span style="color:black"><img border="0" width="590" height="157" style="width:6.1458in;height:1.6354in" id="_x0000_i1038" src="https://image-tracking-service.us-1.mimecastcybergraph.com/v1/image?imageData=%2BySjW3fIxacMZv1I5BtZ7p0qu9XYbTBkA3laSVDseGbw92ceJHT2%2Bzj7JyQNqKYAG1eOkaEAcPRzw3EgQkWmplZ%2BthIJxBmzRrA4Pt%2FYn%2BNFlCzlKVt0qXXPXY2yTwoI9HfkpautdPvYCOmVaxm33oFwPAD0g1ehPCJybRgomLip4%2FHCxdX6%2BkSvzAOXkxR1MmhBHWf0oPXzRB0dQfthDNNldDEWXMpzIbFVFx%2FJo4qFfZ3WaEG22H73sphGGP8zZSx3k7Z1yETGLHadOEPFlXdDTf2Lk9psP4zkZhDUegxFsQ%2B0YbjLZAfh1fC6IxLnPEjxBawSOQYUdftcsTL7epZMsKSIcA%3D%3D" alt="Office of the Insurance Commissioner"><img border="0" width="108" height="32" style="width:1.125in;height:.3333in" id="_x0000_i1037" src="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"></span><o:p></o:p></span></p>
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<span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:black">More info on E2SSB 5686 (Foreclosure Prevention Fee)</span><span style="font-size:15.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></h1>
<p style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#232323">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 <strong><span style="font-family:"Arial",sans-serif"><a href="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" target="_blank"><span style="color:#1D5782">E2SSB 5686</span></a></span></strong>.<o:p></o:p></span></p>
<ul type="disc">
<li class="MsoNormal" style="color:#232323;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo3">
<strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><a href="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" target="_blank"><span style="color:#1D5782">Frequently Asked Questions – Foreclosure
Prevention Fee</span></a></span></strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif">
<o:p></o:p></span></li></ul>
<p style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#232323">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 <a href="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" target="_blank">
<strong><span style="font-family:"Arial",sans-serif;color:#1D5782">Department of Commerce's Foreclosure Fairness website</span></strong></a> under the “Foreclosure Prevention Fee” dropdown menu.<o:p></o:p></span></p>
<p style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#232323">Detailed payment instructions and individualized payment agreement information will be available in the coming days with an additional announcement.<o:p></o:p></span></p>
<p style="margin-bottom:12.0pt"><strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#232323">**Please share this information widely with your respective stakeholder groups</span></strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#232323">**<o:p></o:p></span></p>
<p class="gdp" style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#232323">Please do not hesitate to
<a href="mailto:foreclosuremediaton@commerce.wa.gov" target="_blank"><strong><span style="font-family:"Arial",sans-serif;color:#1D5782">reach out with any question or concerns</span></strong></a>.<o:p></o:p></span></p>
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