RCW 36.22.181
Surcharge for prosecution of mortgage lending
fraud -- Transmittal to state treasurer. (Expires June 30, 2011.)
(1) Except as provided in subsection (2) of this section, a
surcharge of one dollar shall be charged by the county auditor at
the time of recording of each deed of trust, which will be in
addition to any other charge authorized by law. The auditor may
retain up to five percent of the funds collected to administer
collection. The remaining funds shall be transmitted monthly to
the state treasurer who will deposit the funds into the mortgage
lending fraud prosecution account created in RCW 43.320.140. The
department of financial institutions is responsible for the
distribution of the funds in the account and shall, in
consultation with the attorney general and local prosecutors,
develop rules for the use of these funds to pursue criminal
prosecution of fraudulent activities within the mortgage lending
process.
(2) The surcharge imposed in this section does not apply to
assignments or substitutions of previously recorded deeds of
trust.
(3) This section expires June 30, 2011.
[2006 c 21 § 1; 2003 c 289 § 1.]