Concerning the mortgage lending fraud prosecution account.

HB 2193 creates a dedicated fund to prosecute mortgage lending fraud by adding a $5 surcharge on most deed of trust recordings in Washington. County auditors collect this fee (keeping 5% for administration) and send the rest to the state treasurer, depositing it into the new "mortgage lending fraud prosecution account." The Department of Financial Institutions manages these funds, using them exclusively for criminal prosecutions of mortgage fraud, in consultation with the Attorney General and local prosecutors. The bill applies to standard deed of trust recordings but excludes assignments or substitutions of previously recorded deeds.