Key Bank v. City of Everett
Court of Appeals of Washington
1Opinion of the CourtAgid, J.
The City of Everett appeals from an order granting Key Bank of Puget Sound's motion for summary judgment. The trial court ruled that a holder of a security interest in a vehicle may retain its interest in that vehicle after forfeiture even though the secured party received notification pursuant to RCW 69.50.505(c) and did not file a claim under RCW 69.50.505(d) to preserve that interest. We agree with the City that the holder of a security interest must file a claim and reverse.
On September 13, 1990, the City of Everett Police Department seized a red 1990 Acura Integra which had been used…
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