l9n/ Oregon

2013 Regular Session

House Bill 2856

Exempts from mortgage loan originator licensing requirements individual who, as seller during any 12-month period, offers or negotiates terms for not more than three residential mortgage loans that are secured by dwelling unit that did not serve as individual's residence, unless United States Consumer Financial Protection Bureau determines otherwise.

Became law as Chapter 281, Oregon Laws 2013, signed June 4, 2013, 113 days after it was filed. In force from June 4, 2013.

What it does

The synopsis the Legislative Assembly published with the bill.

Exempts from mortgage loan originator licensing requirements individual who, as seller during any 12-month period, offers or negotiates terms for not more than three residential mortgage loans <i>as security for purchase money obligations</i>]<b> that are secured by dwelling unit that did not serve as individual's residence</b>, unless United States <i>Department of Housing and Urban Development</i>] <b>Consumer Financial Protection Bureau</b> determines otherwise. Becomes operative 91 days after effective date of Act. 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

    HJUD

    Its course

    February 11 to June 4, 2013, 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 15 days

    In the House of RepresentativesFeb 11 to Apr 856 days

    Waiting for a committeeFeb 11 to Feb 187 days

    Consumer Protection and Government EfficiencyFeb 18 to Apr 344 days

    In the SenateApr 8 to May 2244 days

    Waiting for a committeeApr 8 to Apr 102 days

    General Government, Consumer and Small Business ProtectionApr 10 to May 2141 days

    With the GovernorMay 22 to Jun 413 days

    Votes

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

    • House of Representatives, third reading56–0

      Passed · Apr 8 · 4 present

    • Senate, third reading29–0

      Passed · May 22 · 1 present

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Apr 3

    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 11 – Apr 8

    1. Feb 11Introduced
    2. Feb 18Sent to Consumer Protection and Government Efficiency
    3. Mar 5Heard in Consumer Protection and Government Efficiency
    4. Apr 2Heard in Consumer Protection and Government Efficiency
    5. Apr 3Consumer Protection and Government Efficiency recommended it as amended
    6. Apr 4Read a second time
    7. Apr 8Passed the House of Representatives, 56 to 0

    In the Senate Apr 9 – May 22

    1. Apr 9Arrived in the Senate
    2. Apr 10Sent to General Government, Consumer and Small Business Protection
    3. Apr 24Heard in General Government, Consumer and Small Business Protection
    4. May 17Heard in General Government, Consumer and Small Business Protection
    5. May 21General Government, Consumer and Small Business Protection recommended it
    6. Read a second time
    7. May 22Passed the Senate, 29 to 0

    To the Governor May 23 – Jun 4

    1. May 23Signed in the House of Representatives
    2. Signed in the Senate
    3. Jun 4Signed by the Governor
    4. Became chapter 281 of Oregon Laws 2013, in force from June 4, 2013
    All 19 actions, as published
    1. Feb 11First reading. Referred to Speaker's desk.House of Representatives
    2. Feb 18Referred to Consumer Protection and Government Efficiency.House of Representatives
    3. Mar 5Public Hearing held.House of Representatives
    4. Apr 2Work Session held.House of Representatives
    5. Apr 3Recommendation: Do pass with amendments, be printed A-Engrossed, and be placed on Consent Calendar.House of Representatives
    6. Apr 4Second reading.House of Representatives
    7. Apr 4Removed from Consent Calendar in compliance with House Rule 4.05, subsection (3).House of Representatives
    8. Apr 8Third reading. Carried by Holvey. Passed.House of Representatives
    9. Apr 9First reading. Referred to President's desk.Senate
    10. Apr 10Referred to General Government, Consumer and Small Business Protection.Senate
    11. Apr 24Public Hearing held.Senate
    12. May 17Work Session held.Senate
    13. May 21Recommendation: Do pass the A-Eng. bill.Senate
    14. May 21Second reading.Senate
    15. May 22Third reading. Carried by Shields. Passed.Senate
    16. May 23Speaker signed.House of Representatives
    17. May 23President signed.Senate
    18. Jun 4Governor signed.House of Representatives
    19. Jun 4Chapter 281, (2013 Laws): Effective date June 4, 2013.House of Representatives