l9n/ Oregon

2008 Special Session

House Bill 3630

Imposes duties and restrictions on foreclosure consultants.

Became law as Chapter 19, Oregon Laws 2008, signed March 11, 2008, 36 days after it was filed. In force from March 11, 2008.

What it does

The synopsis the Legislative Assembly published with the bill.

Imposes duties and restrictions on foreclosure consultants. Requires that provision of foreclosure consulting services to homeowners be pursuant to written contract. Makes violation of foreclosure consulting laws unfair trade practice. Makes violation of foreclosure consulting laws criminal offense with maximum penalty of one year's imprisonment, $10,000 fine, or both. Applies to agreements for foreclosure services homeowner enters into 90 or more days after effective date of Act. Imposes duties and restrictions on equity purchasers. Requires that conveyance of homeowner equity in residence in foreclosure be pursuant to written contract. Makes violation of equity conveyance laws unlawful practice. Makes violation of equity conveyance laws criminal offense with maximum penalty of one year's imprisonment, $10,000 fine, or both. Creates private cause of action for damages arising from violation of equity conveyance laws. Applies to equity conveyance agreements equity seller enters into seven or more days after effective date of Act. Requires sending of notice of home loss danger to grantor of trust deed in residential property for which notice of foreclosure is filed. Requires that notice of home loss danger contain telephone numbers for grantor access to loan information and consultant services. Specifies effect of failure to send notice of home loss danger. Applies to residential trust deed properties for which statutory notice of sale is sent 90 or more days after effective date of Act. Requires Department of Consumer and Business Services to adopt rules specifying statewide telephone contact number and website address where grantors of residential trust deeds receiving notice of home loss danger may find possible sources of information and assistance. Declares emergency, effective on passage.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

    1 co-sponsor

    HEER

    Its course

    February 4 to March 11, 2008, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action22 actions on 16 days

    In the House of RepresentativesFeb 4 to Feb 1410 days

    Waiting for a committeeFeb 4 to Feb 40 days

    Consumer ProtectionFeb 4 to Feb 128 days

    In the SenateFeb 14 to Feb 228 days

    Waiting for a committeeFeb 14 to Feb 151 day

    Commerce and LaborFeb 15 to Feb 205 days

    Back in the House of RepresentativesFeb 22 to Mar 411 days

    With the GovernorMar 4 to Mar 117 days

    Votes

    Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

    • House of Representatives, third reading58–0

      Passed · Feb 14 · 2 present

    • Senate, third reading30–0

      Passed · Feb 22

    • House of Representatives, concurrence53–0

      Agreed to the other chamber's changes · Feb 22 · 7 present

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Feb 12

    • Senate committee amendmentAdopted

      Adopted Feb 20

    Text

    Each version as the Legislative Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

    In the House of Representatives Feb 4 – Feb 14

    1. Feb 4Introduced
    2. Sent to Consumer Protection
    3. Feb 6Heard in Consumer Protection
    4. Feb 7Heard in Consumer Protection
    5. Feb 8Heard in Consumer Protection
    6. Feb 11Heard in Consumer Protection
    7. Feb 12Consumer Protection recommended it as amended
    8. Feb 13Read a second time
    9. Feb 14Passed the House of Representatives, 58 to 0

    In the Senate Feb 15 – Feb 22

    1. Feb 15Arrived in the Senate
    2. Sent to Commerce and Labor
    3. Feb 18Heard in Commerce and Labor
    4. Feb 20Heard in Commerce and Labor
    5. Commerce and Labor recommended it as amended
    6. Feb 21Read a second time
    7. Feb 22Passed the Senate, 30 to 0

    Back in the House of Representatives Feb 22 – Mar 4

    1. Feb 22The House of Representatives agreed to the Senate's amendments and passed it again, 53 to 0
    2. Mar 4Signed in the House of Representatives

    To the Governor Mar 6 – Mar 11

    1. Mar 6Signed in the Senate
    2. Mar 11Signed by the Governor
    3. Became chapter 19 of Oregon Laws 2008, in force from March 11, 2008
    All 22 actions, as published
    1. Feb 4First reading. Referred to Speaker's desk.House of Representatives
    2. Feb 4Referred to Consumer Protection with subsequent referral to Ways and Means.House of Representatives
    3. Feb 6Public Hearing held.House of Representatives
    4. Feb 7Public Hearing held.House of Representatives
    5. Feb 8Work Session held.House of Representatives
    6. Feb 11Work Session held.House of Representatives
    7. Feb 12Recommendation: Do pass with amendments, be printed A-Engrossed, and subsequent referral to Ways and Means be rescinded.House of Representatives
    8. Feb 12Subsequent referral to Ways and Means rescinded by order of Speaker.House of Representatives
    9. Feb 13Second reading.House of Representatives
    10. Feb 14Third reading. Carried by Bonamici. Passed.House of Representatives
    11. Feb 15First reading. Referred to President's desk.Senate
    12. Feb 15Referred to Commerce and Labor.Senate
    13. Feb 18Public Hearing held.Senate
    14. Feb 20Public Hearing and Work Session held.Senate
    15. Feb 20Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)Senate
    16. Feb 21Second reading.Senate
    17. Feb 22Third reading. Carried by Westlund. Passed.Senate
    18. Feb 22House concurred in Senate amendments and repassed bill.House of Representatives
    19. Mar 4Speaker signed.House of Representatives
    20. Mar 6President signed.Senate
    21. Mar 11Governor signed.House of Representatives
    22. Mar 11Chapter 19, (2008 Laws): Effective date March 11, 2008.House of Representatives