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<p class="MsoNormal"><span style="font-family:"Tahoma",sans-serif">Good afternoon:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Tahoma",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Tahoma",sans-serif">Angie Balconi from one of our offices is going to testify at both hearings tomorrow on behalf of CTIC. Her proposed testimony is below, please let me know if you have any comments or suggestions.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Tahoma",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Tahoma",sans-serif">Lindsy<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Tahoma",sans-serif"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tahoma",sans-serif;color:#5B9BD5">Lindsy C. Doucette
</span></b><b><span style="font-size:12.0pt;font-family:"Tahoma",sans-serif;color:#5B9BD5;mso-ligatures:none"><o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tahoma",sans-serif">VP | State Underwriting Counsel
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tahoma",sans-serif">Pronouns: She / Her / Hers<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tahoma",sans-serif">Mobile: (206) 619-0451<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tahoma",sans-serif">Email: <a href="mailto:Lindsy.Doucette@fnf.com"><span style="color:#0563C1">Lindsy.Doucette@fnf.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tahoma",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tahoma",sans-serif;color:black">This e-mail and its attachments are intended only for the persons named above. Please do not forward this message to others without permission.<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none">From:</span></b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"> Balconi, Angie <Angie.Balconi@ctt.com>
<br>
<b>Sent:</b> Monday, January 27, 2025 1:44 PM<br>
<b>To:</b> Doucette, Lindsy <Lindsy.Doucette@fnf.com><br>
<b>Subject:</b> my testimony draft <o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:18.0pt">Hello, my name is Angela Balconi, I am a Limited Practice Officer, a member of the Limited Practice Board and currently serve as the President of Chicago Title Snohomish and Skagit Counties.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:18.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:18.0pt">I have had the pleasure of serving in the industry for over 30 years, during that time I have worked at a law firm, an independent escrow company and with the title company. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:18.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:18.0pt">In my 30 plus years with various escrow positions and companies, the recording fee, as an industry standard, has always been treated as a pass-through fee. It is not just title companies doing this it is
standard practice for the industry as a whole. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:18.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:18.0pt">Additionally, our own regulator, the OIC, has issued a rule that provides that recording fees may not be considered a “cost of doing business” and that a title agent may only advance a recording fee on behalf
of a customer if they are “promptly reimbursed” (inducement laws). (WAC 284-29-255(5))<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:18.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:18.0pt">The customer or client alone is liable for the payment of the recording fees or costs, much like, if not exactly like the payment of the Real Estate Excise Tax. The escrow officer or company is acting in
a fiduciary duty on behalf of the principals in the transaction in accordance with the parties written instructions.
<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal" style="margin:.75pt;line-height:12.0pt"><b><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:black;mso-ligatures:none">Angie Balconi</span></b><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:black;mso-ligatures:none"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin:.75pt;line-height:12.0pt"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none">President | County Manager<br>
<b>Chicago Title of Washington</b><o:p></o:p></span></p>
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259-8219</span></a></span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none"> </span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#FFC52F;mso-ligatures:none">|</span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none"> </span><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#FFC52F;mso-ligatures:none">M:</span></b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none"> </span><span style="mso-ligatures:none"><a href="tel:(206)-661-1692"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#333333">(206)
661-1692</span></a></span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin:.75pt;line-height:12.0pt"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none">3002 Colby Avenue #200 </span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#FFC52F;mso-ligatures:none">|</span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none"> Everett,
WA 98201<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin:.75pt;line-height:12.0pt"><span style="mso-ligatures:none"><a href="mailto:Angie.Balconi@ctt.com"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#333333">Angie.Balconi@ctt.com</span></a></span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none"> </span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#FFC52F;mso-ligatures:none">|</span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none"> </span><span style="mso-ligatures:none"><a href="http://www.yourchicagoteam.com/" target="_blank"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#333333">www.YourChicagoTeam.com</span></a></span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232;mso-ligatures:none"><o:p></o:p></span></p>
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