SHB 2081: Regulating home equity sharing agreements under the consumer loan act.
Did not pass. The 2023-24 session has ended.
- Sponsor
- Hackney
- Introduced
- January 8, 2024
- Status
- H Rules X
- Last action
- House Rules "X" file. (February 20, 2024)
- As of
- August 18, 2026, 2:02 AM Pacific, from the Legislature’s records
What this bill does
Regulates home equity sharing agreements as residential mortgage loans under the Consumer Loan Act. Prohibits home equity sharing agreements from containing certain restrictions. Limits the amount due under a home equity sharing agreement to the lesser of: (1) the amount paid to the borrower plus interest; or (2) 200 percent of the amount paid to the borrower.
From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗
Floor votes
- House: 3rd Reading & Final Passage · March 4, 202482 yea · 15 nay · 1 not voting
- Senate: 3rd Reading & Final Passage · March 4, 202449 yea · 0 nay
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All 2023-24 Washington State bills →
Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗