l9n/ Oregon

2008 Special Session

Senate Bill 1064

Requires mortgage banker and mortgage broker to file report concerning residential mortgage lending activities by May 1 of each year.

Became law as Chapter 38, 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.

Requires mortgage banker and mortgage broker to file report concerning residential mortgage lending activities by May 1 of each year. Punishes failure to file report with fine of $100 per day. Specifies contents of and retention requirements for registry of loan originators. Permits Director of Department of Consumer and Business Services to suspend or bar loan originator from employment for violating statute or rule or order of director. Prohibits loan originator from performing act as loan originator in negligent or incompetent manner. Prohibits mortgage banker or mortgage broker from employing person as loan originator if person is suspended or prohibited from employment as loan originator or if employment violates condition or order of director, state or federal agency or court. Declares emergency, effective on passage.

Its course

February 4 to March 18, 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 action19 actions on 10 days

In the SenateFeb 4 to Feb 2218 days

Waiting for a committeeFeb 4 to Feb 40 days

Commerce and LaborFeb 4 to Feb 117 days

Ways and MeansFeb 11 to Feb 2110 days

In the House of RepresentativesFeb 22 to Feb 220 days

Waiting for a committeeFeb 22 to Feb 220 days

Ways and MeansFeb 22 to Feb 220 days

With the GovernorFeb 22 to Mar 1118 days

Votes

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

  • Senate, third reading27–2

    Passed · Feb 22 · 1 present

  • House of Representatives, third reading55–1

    Passed · Feb 22 · 4 present

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Feb 11

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 Senate Feb 4 – Feb 22

  1. Feb 4Introduced
  2. Sent to Commerce and Labor
  3. Feb 8Heard in Commerce and Labor
  4. Feb 11Commerce and Labor recommended it as amended, and that it go to Ways and Means
  5. Sent to Ways and Means
  6. Feb 18Heard in Ways and Means
  7. Feb 21Ways and Means recommended it
  8. Read a second time
  9. Feb 22Passed the Senate, 27 to 2

In the House of Representatives Feb 22

  1. Feb 22Arrived in the House of Representatives
  2. Sent to Ways and Means
  3. Ways and Means recommended it
  4. Read a second time
  5. Passed the House of Representatives, 55 to 1

To the Governor Feb 27 – Mar 18

  1. Feb 27Signed in the Senate
  2. Mar 4Signed in the House of Representatives
  3. Mar 11Signed by the Governor
  4. Mar 18Became chapter 38 of Oregon Laws 2008
  5. In force from March 11, 2008
All 19 actions, as published
  1. Feb 4Introduction and first reading. Referred to President's desk.Senate
  2. Feb 4Referred to Commerce and Labor, then Ways and Means.Senate
  3. Feb 8Public Hearing and Work Session held.Senate
  4. Feb 11Recommendation: Do pass with amendments and be referred to Ways and Means by prior reference. (Printed A-Eng.)Senate
  5. Feb 11Referred to Ways and Means by prior reference.Senate
  6. Feb 18Work Session held.Senate
  7. Feb 21Recommendation: Do pass the A-Eng. bill.Senate
  8. Feb 21Second reading.Senate
  9. Feb 22Third reading. Carried by Westlund. Passed.Senate
  10. Feb 22First reading. Referred to Speaker's desk.House of Representatives
  11. Feb 22Referred to Ways and Means.House of Representatives
  12. Feb 22Recommendation: Do pass.House of Representatives
  13. Feb 22Rules suspended. Second reading.House of Representatives
  14. Feb 22Rules suspended. Third reading. Carried by Riley. Passed.House of Representatives
  15. Feb 27President signed.Senate
  16. Mar 4Speaker signed.House of Representatives
  17. Mar 11Governor signed.Senate
  18. Mar 18Chapter 38, 2008 Laws.Senate
  19. Mar 18Effective date, March 11, 2008.Senate