l9n/ Oregon

2009 Regular Session

House Bill 2960

Requires creditor not later than 45 days before commencing action to foreclose mortgage or not later than 120 days before foreclosing trust deed to provide notice to borrower and to Department of Consumer and Business Services.

Did not become law. It stopped in the House of Representatives's Consumer Protection Committee on June 29, 2009. The 2009 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires creditor not later than 45 days before commencing action to foreclose mortgage or not later than 120 days before foreclosing trust deed to provide notice to borrower and to Department of Consumer and Business Services. Prescribes contents of notice and method of delivery. Requires creditor to provide notice in English language and language that borrower primarily speaks or reads. Requires department to contact creditor and borrower to obtain information related to loan subject to foreclosure and to evaluate whether certain measures may enable borrower to avoid foreclosure. Authorizes department to delay by 30 days date on which creditor may commence action to foreclose mortgage or trust deed. Provides that court shall dismiss action to foreclose mortgage that creditor commences in advance of date specified in department's notice and that court may sanction creditor if warranted. Authorizes borrower to commence action for damages and department to assess civil penalty in amount not more than $25,000 if creditor forecloses trust deed in advance of date specified in department's notice. Sunsets on date of convening of next regular biennial legislative session. 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

    HCP

    Its course

    March 4 to June 29, 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 action3 actions on 3 days

    In the House of RepresentativesMar 4 to Jun 29 · stopped117 days

    Waiting for a committeeMar 4 to Mar 95 days

    Consumer ProtectionMar 9 to Jun 29 · stopped112 days

    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 Mar 4 – Jun 29

    1. Mar 4Introduced
    2. Mar 9Sent to Consumer Protection
    3. Jun 29Died when the session ended
    All 3 actions, as published
    1. Mar 4First reading. Referred to Speaker's desk.House of Representatives
    2. Mar 9Referred to Consumer Protection.House of Representatives
    3. Jun 29In committee upon adjournment.House of Representatives