This bill introduces a new section to chapter 63.30 RCW, establishing penalties for individuals or entities that charge excessive fees for locating abandoned property held by a county. Specifically, it prohibits seeking or receiving fees exceeding five percent of the value of the property returned to the owner, particularly in cases involving proceeds from foreclosure or distraint sales for delinquent taxes or other government charges. Violators of this provision will be classified as misdemeanants and face penalties of up to $1,000 in fines, imprisonment for up to 90 days, or both.

Additionally, the bill recognizes the practices addressed as significantly impacting public interest, thereby aligning them with the consumer protection act (chapter 19.86 RCW). It asserts that any violations are considered unfair or deceptive acts in trade or commerce, and the remedies available under the consumer protection act are cumulative, ensuring that affected individuals have multiple avenues for recourse.