l9n/ Oregon

2011 Regular Session

Senate Bill 519

Provides, in sale or judgment of foreclosure proceeding, that if trustee sells property upon which single residential unit that is subject to affordable housing covenant is situated, eligible covenant holder may purchase property from trustee for lesser of total sum of obligations secured by trust deed or mortgage on property or highest bid received for property other than bid from eligible covenant holder.

Became law as Chapter 712, Oregon Laws 2011, signed August 2, 2011, 204 days after it was filed. In force from January 1, 2012.

What it does

The synopsis the Legislative Assembly published with the bill.

<i>Provides that if property that is subject to trustee's sale or judgment of foreclosure and sale is also subject to affordable housing covenant, sale is subject to right of eligible covenant holder to purchase property for total sum of obligations secured by trust deed or mortgage on property or highest bid received for the property other than bid from eligible covenant holder.</i>] <i>Requires notice of sale and judgment of foreclosure and sale to give notice as to rights of eligible covenant holders.</i>] <i>Declares emergency, effective on passage.</i>] <b>Provides, in sale or judgment of foreclosure proceeding, that if trustee sells property upon which single residential unit that is subject to affordable housing covenant is situated, eligible covenant holder may purchase property from trustee for lesser of total sum of obligations secured by trust deed or mortgage on property or highest bid received for property other than bid from eligible covenant holder.</b>

Sponsors

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

In the Senate

1 co-sponsor

Suzanne Bonamici

In the House of Representatives

    1 co-sponsor

    Lew Frederick

    Its course

    January 10 to August 3, 2011, 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 action24 actions on 23 days

    In the SenateJan 10 to Apr 21101 days

    Waiting for a committeeJan 10 to Jan 188 days

    JudiciaryJan 18 to Apr 1890 days

    In the House of RepresentativesApr 21 to Jun 1656 days

    Waiting for a committeeApr 21 to May 211 days

    JudiciaryMay 2 to Jun 837 days

    Back in the SenateJun 16 to Jun 226 days

    With the GovernorJun 22 to Aug 241 days

    Votes

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

    • Senate, third reading28–1

      Passed · Apr 21 · 1 present

    • House of Representatives, third reading60–0

      Passed · Jun 16

    • Senate, concurrence27–2

      Agreed to the other chamber's changes · Jun 21 · 1 present

    Amendments

    Each amendment offered, and what became of it.

    • Senate committee amendmentAdopted

      Adopted Apr 18

    • House of Representatives committee amendmentAdopted

      Adopted Jun 8

    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 Jan 10 – Apr 21

    1. Jan 10Introduced
    2. Jan 18Sent to Judiciary
    3. Mar 15Heard in Judiciary
    4. Apr 12Heard in Judiciary
    5. Apr 18Judiciary recommended it as amended
    6. Apr 19Read a second time
    7. Apr 21Passed the Senate, 28 to 1

    In the House of Representatives Apr 25 – Jun 16

    1. Apr 25Arrived in the House of Representatives
    2. May 2Sent to Judiciary
    3. May 26Heard in Judiciary
    4. Jun 1Heard in Judiciary
    5. Jun 8Judiciary recommended it as amended
    6. Jun 10Read a second time
    7. Jun 16Passed the House of Representatives, 60 to 0

    Back in the Senate Jun 21 – Jun 22

    1. Jun 21The Senate agreed to the House of Representatives's amendments and passed it again, 27 to 2
    2. Jun 22Signed in the Senate

    To the Governor Jun 24 – Aug 3

    1. Jun 24Signed in the House of Representatives
    2. Aug 2Signed by the Governor
    3. Aug 3Became chapter 712 of Oregon Laws 2011
    4. In force from January 1, 2012
    All 24 actions, as published
    1. Jan 10Introduction and first reading. Referred to President's desk.Senate
    2. Jan 18Referred to Judiciary.Senate
    3. Mar 15Public Hearing held.Senate
    4. Apr 12Work Session held.Senate
    5. Apr 18Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
    6. Apr 19Second reading.Senate
    7. Apr 20Carried over to 04-21 by unanimous consent.Senate
    8. Apr 21Third reading. Carried by Dingfelder. Passed.Senate
    9. Apr 25First reading. Referred to the desks of the Co-Speakers.House of Representatives
    10. May 2Referred to Judiciary.House of Representatives
    11. May 26Public Hearing held.House of Representatives
    12. Jun 1Public Hearing and Work Session held.House of Representatives
    13. Jun 8Recommendation: Do pass with amendments and be printed B-Engrossed.House of Representatives
    14. Jun 10Second reading.House of Representatives
    15. Jun 13Rules suspended. Carried over to June 14, 2011 Calendar.House of Representatives
    16. Jun 14Rules suspended. Carried over to June 15, 2011 Calendar.House of Representatives
    17. Jun 15Rules suspended. Carried over to June 16, 2011 Calendar.House of Representatives
    18. Jun 16Third reading. Carried by Nolan. Passed.House of Representatives
    19. Jun 21Senate concurred in House amendments and repassed bill.Senate
    20. Jun 22President signed.Senate
    21. Jun 24Co-Speakers signed.House of Representatives
    22. Aug 2Governor signed.Senate
    23. Aug 3Chapter 712, 2011 Laws.Senate
    24. Aug 3Effective date, January 1, 2012.Senate