l9n/ Oregon

2013 Regular Session

House Bill 2929

Permits trustee to rescind trustee's sale within 10 calendar days if trustee asserts that bona fide error occurred in setting, advertising or otherwise specifying opening bid amount during trustee's sale, in providing correct legal description of property or in complying with requirement or procedure imposed by law, if grantor and beneficiary agreed to foreclosure avoidance measure that would postpone or discontinue trustee's sale or if beneficiary accepted funds to reinstate trust deed.

Became law as Chapter 465, Oregon Laws 2013, signed June 24, 2013, 126 days after it was filed. In force from January 1, 2014.

What it does

The synopsis the Legislative Assembly published with the bill.

Permits trustee to rescind trustee's sale within 10 calendar days if trustee asserts that <b>bona fide</b> error occurred <b>in setting, advertising or otherwise specifying opening bid amount</b> during trustee's sale, <b>in providing correct legal description of property or in complying with requirement or procedure imposed by law,</b> if grantor and beneficiary agreed to foreclosure avoidance measure that would postpone or discontinue trustee's sale or if beneficiary accepted funds to reinstate trust deed and obligation. Requires trustee to provide notice of rescission within 10 calendar days after date of trustee's sale. Specifies contents of notice. <b>Requires trustee to record affidavit that trustee provided required notice of rescission.</b> Requires trustee to refund purchase price to purchaser within three calendar days after date of notice. Provides that trustee must maintain registered agent and registered office continuously in this state and file statement that identifies registered agent and shows address of registered office.

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

    HCPGE

    Its course

    February 18 to June 24, 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 action22 actions on 20 days

    In the House of RepresentativesFeb 18 to Apr 1657 days

    Waiting for a committeeFeb 18 to Feb 224 days

    Consumer Protection and Government EfficiencyFeb 22 to Apr 1148 days

    In the SenateApr 16 to Jun 1156 days

    Waiting for a committeeApr 16 to Apr 248 days

    General Government, Consumer and Small Business ProtectionApr 24 to Jun 744 days

    Back in the House of RepresentativesJun 11 to Jun 176 days

    With the GovernorJun 17 to Jun 247 days

    Votes

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

    • House of Representatives, third reading33–26

      Passed · Apr 16 · 1 present

    • Senate, third reading18–11

      Passed · Jun 11 · 1 present

    • House of Representatives, concurrence32–26

      Agreed to the other chamber's changes · Jun 13 · 2 present

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Apr 11

    • Senate committee amendmentAdopted

      Adopted Jun 7

    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 18 – Apr 16

    1. Feb 18Introduced
    2. Feb 22Sent to Consumer Protection and Government Efficiency
    3. Mar 14Heard in Consumer Protection and Government Efficiency
    4. Mar 26Heard in Consumer Protection and Government Efficiency
    5. Apr 4Heard in Consumer Protection and Government Efficiency
    6. Apr 9Heard in Consumer Protection and Government Efficiency
    7. Apr 11Consumer Protection and Government Efficiency recommended it as amended
    8. Apr 12Read a second time
    9. Apr 16Passed the House of Representatives, 33 to 26

    In the Senate Apr 17 – Jun 11

    1. Apr 17Arrived in the Senate
    2. Apr 24Sent to General Government, Consumer and Small Business Protection
    3. May 24Heard in General Government, Consumer and Small Business Protection
    4. May 31Heard in General Government, Consumer and Small Business Protection
    5. Jun 7General Government, Consumer and Small Business Protection recommended it as amended
    6. Jun 10Read a second time
    7. Jun 11Passed the Senate, 18 to 11

    Back in the House of Representatives Jun 13 – Jun 17

    1. Jun 13The House of Representatives agreed to the Senate's amendments and passed it again, 32 to 26
    2. Jun 17Signed in the House of Representatives

    To the Governor Jun 17 – Jun 24

    1. Jun 17Signed in the Senate
    2. Jun 24Signed by the Governor
    3. Became chapter 465 of Oregon Laws 2013, in force from January 1, 2014
    All 22 actions, as published
    1. Feb 18First reading. Referred to Speaker's desk.House of Representatives
    2. Feb 22Referred to Consumer Protection and Government Efficiency.House of Representatives
    3. Mar 14Public Hearing held.House of Representatives
    4. Mar 26Work Session held.House of Representatives
    5. Apr 4Work Session held.House of Representatives
    6. Apr 9Work Session held.House of Representatives
    7. Apr 11Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
    8. Apr 12Second reading.House of Representatives
    9. Apr 15Rules suspended. Carried over to April 16, 2013 Calendar.House of Representatives
    10. Apr 16Third reading. Carried by Holvey. Passed.House of Representatives
    11. Apr 17First reading. Referred to President's desk.Senate
    12. Apr 24Referred to General Government, Consumer and Small Business Protection.Senate
    13. May 24Public Hearing held.Senate
    14. May 31Work Session held.Senate
    15. Jun 7Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)Senate
    16. Jun 10Second reading.Senate
    17. Jun 11Third reading. Carried by Prozanski. Passed.Senate
    18. Jun 13House concurred in Senate amendments and repassed bill.House of Representatives
    19. Jun 17Speaker signed.House of Representatives
    20. Jun 17President signed.Senate
    21. Jun 24Governor signed.House of Representatives
    22. Jun 24Chapter 465, (2013 Laws): Effective date January 1, 2014.House of Representatives