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Bill

Bill

HB 2268

Concerning residential mortgage loan escrow accounts.

2025-2026 Regular Session Introduced by Adam Bernbaum

HB 2268 establishes or modifies Washington state regulations governing how mortgage servicers manage escrow accounts holding borrower funds for taxes and insurance.

Prefiled for introduction.
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Bill Summary · HB 2268

Legislative bill overview

HB 2268 addresses regulations and requirements for residential mortgage loan escrow accounts in Washington state. The bill appears to establish or modify rules governing how lenders handle escrow funds collected from borrowers for property taxes, insurance, and other obligations. Without the full bill text available, the specific provisions likely concern disclosure requirements, interest payments, account management standards, or borrower protections.

Why is this important

Escrow accounts represent billions of dollars in consumer funds held by mortgage servicers. Clear regulations protect borrowers from mismanagement, ensure proper accounting, and can address issues like unexpected escrow shortfalls or improper fee assessments that have generated consumer complaints and regulatory scrutiny nationally.

Potential points of contention

  • Interest on escrow accounts: Whether lenders must pay interest on held funds, which could increase lender costs but benefit borrowers
  • Escrow shortage handling: How lenders manage shortfalls when property taxes or insurance costs exceed projections, and who bears the financial burden
  • Disclosure and transparency: Requirements for clear accounting, detailed statements, and advance notice of escrow adjustments that may complicate lender compliance

Compiled from official sources — confirm details with the bill’s official record.

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