In recent weeks, questions have been raised about how the transfer fee program works. Specifically, a ruling from the Department of Revenue (DOR) has been posted on social media that says the unreimbursed funds must be returned to Washington State, because they are deemed “abandoned property.” This ruling was inappropriately obtained and is not accurate. Please click HERE to read a memo from Sudden Valley’s legal counsel that contains a complete explanation of the situation.

The SVCA is making every effort to ensure that all additional transfer fees originally placed in the Capital Reserve Holding Account are distributed. If you have a question about this program, please email Joel Heverling, Finance Director, at AcctMgr@SuddenValley.com.