l9n/ Oregon

2009 Regular Session

House Bill 2188

Prohibits mortgage banker, mortgage broker or loan originator from making, negotiating or offering to make or negotiate negative amortization loan without evaluating and verifying borrower's ability to repay loan.

Became law as Chapter 603, Oregon Laws 2009, signed June 26, 2009, 162 days after it was filed. In force from January 1, 2010.

What it does

The synopsis the Legislative Assembly published with the bill.

Prohibits mortgage banker, mortgage broker or loan originator from making, negotiating or offering to make or negotiate negative amortization loan without evaluating and verifying borrower's ability to repay loan. Requires mortgage banker, mortgage broker or loan originator that advertises or solicits business and conducts transaction substantially in language other than English to provide borrower with certain materials in language in which parties conduct transaction. <i>Provides that court may not award attorney fees to mortgage banker or mortgage broker that prevails as defendant in action brought in connection with residential mortgage transaction if person who commenced action did so in good faith and provided defendant with certain notices before commencing action. Extends time limit for commencing action by 20 days for person who complies with these requirements.</i>].

Its course

January 15 to June 26, 2009, 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 18 days

In the House of RepresentativesJan 15 to Apr 176 days

Waiting for a committeeJan 15 to Jan 216 days

Consumer ProtectionJan 21 to Mar 2765 days

In the SenateApr 1 to Jun 363 days

Waiting for a committeeApr 1 to Apr 98 days

Consumer Protection and Public AffairsApr 9 to Jun 153 days

Back in the House of RepresentativesJun 3 to Jun 1815 days

With the GovernorJun 18 to Jun 268 days

Votes

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

  • House of Representatives, third reading34–25

    Passed · Apr 1 · 1 present

  • Senate, third reading17–11

    Passed · Jun 3 · 2 present

  • House of Representatives, concurrence31–19

    Agreed to the other chamber's changes · Jun 9 · 10 present

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Mar 27

  • Senate committee amendmentAdopted

    Adopted Jun 1

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 Jan 15 – Apr 1

  1. Jan 15Introduced
  2. Jan 21Sent to Consumer Protection
  3. Jan 28Heard in Consumer Protection
  4. Mar 25Heard in Consumer Protection
  5. Mar 27Consumer Protection recommended it as amended
  6. Mar 31Read a second time
  7. Apr 1Passed the House of Representatives, 34 to 25

In the Senate Apr 2 – Jun 3

  1. Apr 2Arrived in the Senate
  2. Apr 9Sent to Consumer Protection and Public Affairs
  3. May 7Heard in Consumer Protection and Public Affairs
  4. May 21Heard in Consumer Protection and Public Affairs
  5. Jun 1Consumer Protection and Public Affairs recommended it as amended
  6. Jun 2Read a second time
  7. Jun 3Passed the Senate, 17 to 11

Back in the House of Representatives Jun 9 – Jun 18

  1. Jun 9The House of Representatives agreed to the Senate's amendments and passed it again, 31 to 19
  2. Jun 18Signed in the House of Representatives

To the Governor Jun 19 – Jun 26

  1. Jun 19Signed in the Senate
  2. Jun 26Signed by the Governor
  3. Became chapter 603 of Oregon Laws 2009, in force from January 1, 2010
All 22 actions, as published
  1. Jan 15First reading. Referred to Speaker's desk.House of Representatives
  2. Jan 21Referred to Consumer Protection.House of Representatives
  3. Jan 28Public Hearing held.House of Representatives
  4. Mar 25Public Hearing and Work Session held.House of Representatives
  5. Mar 27Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
  6. Mar 31Second reading.House of Representatives
  7. Apr 1Third reading. Carried by Riley. Passed.House of Representatives
  8. Apr 1Vote explanation(s) filed by Thatcher.House of Representatives
  9. Apr 2First reading. Referred to President's desk.Senate
  10. Apr 9Referred to Consumer Protection and Public Affairs, then Ways and Means.Senate
  11. May 7Public Hearing held.Senate
  12. May 21Work Session held.Senate
  13. Jun 1Recommendation: Do pass with amendments to the A-Eng. and subsequent referral to Ways and Means be rescinded.Senate
  14. Jun 1Subsequent referral rescinded by order of the President.Senate
  15. Jun 2Second reading.Senate
  16. Jun 3Third reading. Carried by Bonamici. Passed.Senate
  17. Jun 3Winters declared potential conflict of interest.Senate
  18. Jun 9House concurred in Senate amendments and repassed bill.House of Representatives
  19. Jun 18Speaker signed.House of Representatives
  20. Jun 19President signed.Senate
  21. Jun 26Governor signed.House of Representatives
  22. Jun 26Chapter 603, (2009 Laws): Effective date January 1, 2010.House of Representatives