[Legislativecommittee1] Fwd: Please oppose HB 2298

[Carrie Tellefson]

FYI please see the Trustee’s concerns on this bill.  I have forwarded to the bankers to see if they want to weigh in.

Does the WLTA plan to testify?


Sent from my iPhone

Begin forwarded message:

From: hollychisa <hollychisa at hpcadvocacy.com>
Date: January 22, 2026 at 10:28:49 AM PST
To: Carrie Tellefson <carrie at sound-gov.com>
Subject: Please oppose HB 2298


Hey there.  On behalf of the United Trustees, I’m alerting folks to the hearing on HB 2298.  The bill allows for providing some kind of mechanism to “secure” a property title.  The trustees believe this will cloud title and potentially make foreclosures impossible if the person dies or refuses to unlock the title to be processed in foreclosure.

I’m asking for financial institutions to oppose.  Would you be able to talk with your folks and help us?  Lance Olsen’s analysis is below.


Holly Chisa

(360)791-6647

hollychisa at hpcadvocacy.com

From: Lance Olsen <LOlsen at McCarthyHolthus.com<mailto:LOlsen at McCarthyHolthus.com>>
Date: Monday, January 12, 2026 at 11:50 AM
Subject: RE: Please review attached HB 2298

I could see this being an invitation to abuse.

There needs to be an exception for the recording of a trustee’s deed.  Absent that, the county could reject recording a TD for up to five days it would appear and that could delay the recording to outside the 15 day relation back period.

If I am reading this correctly, they are trying to allow for recording something that protects against fraudulent transfer.  OK, seems like this won’t do much, but it needs to be clear that a trustee’s deed can be recorded right away, or, that any delay in recording will have no impact on the relation back of the deed to the time of sale.

That’s my quick reading.

Lance E. Olsen
Managing Partner Northwest

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.washingtonlandtitle.com/pipermail/legislativecommittee1/attachments/20260122/177760f1/attachment.html>