l9n/ Oregon

2012 Regular Session

House Bill 4140

Requires beneficiary or beneficiary's agent under residential trust deed to send notice of mediation and enter into mediation with grantor for purpose of agreeing to foreclosure avoidance measure.

Did not become law. It stopped in the House of Representatives's General Government and Consumer Protection Committee on March 5, 2012. The 2012 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires beneficiary or beneficiary's agent under residential trust deed to send notice of mediation and enter into mediation with grantor for purpose of agreeing to foreclosure avoidance measure. Specifies form and content of notice of mediation, date by which notice must be sent and method of service. Specifies duties of beneficiary or beneficiary's agent with respect to mediation. Requires beneficiary or beneficiary's agent to record certificate of compliance from mediation service provider in order to proceed with foreclosure of trust deed. Establishes Foreclosure Avoidance Mediation Fund. Continuously appropriates moneys in fund to Attorney General to pay expenses of coordinating mediation program. Requires trustee or beneficiary that records notice of default to pay $100 charge in addition to recording fee unless trustee or beneficiary provides certain affidavit. Permits grantor that is at risk of default to request mediation with beneficiary or beneficiary's agent. Requires trustee to notify certain persons if trustee postpones trustee's sale. Provides that violation of requirement to notify certain persons of postponed trustee's sale and failure to comply with requirements for mediation are unlawful practices that are enforceable under unlawful trade practices law. 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.

Its course

February 1 to March 5, 2012, 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 2 days

In the House of RepresentativesFeb 1 to Mar 5 · stopped33 days

Waiting for a committeeFeb 1 to Feb 10 days

General Government and Consumer ProtectionFeb 1 to Mar 5 · stopped33 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 Feb 1 – Mar 5

  1. Introduced
  2. Sent to General Government and Consumer Protection
  3. Died when the session ended
All 3 actions, as published