Washington :: HB 1115 Amends Previously Passed RA9 Amendment

Washington HB 1115

Back in late 2011, Washington state passed House Bill 1491, which, among other things, selected alternative B (the “Safe Harbor” option) as the means to determine the “correct” debtor name for individuals in regard to UCCs. Then, in early 2013, new legislation was introduced proposing the previously passed RA9 amendment be changed from alternative B to alternative A (also known as the “Only If” option). On May 3, Governor Jay Inslee signed into law House Bill 1115, successfully amending the previously passed revised RA9 amendment and making the change from option B to A. The effective date for section 34 of the bill, which is the section related to debtor names, is July 1, 2013.

For more on the two options for selecting the individual debtor name, read “The Importance of Selecting the Correct Name in UCC” by Edward Noyer.

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