l9n/ Oregon

2014 Regular Session

House Bill 4112

Requires tax collector of county in which real property is located to assign property tax lien to assignee if tax collector receives written authorization from property owner and payment of taxes and fee from assignee.

Did not become law. It stopped in the House of Representatives's Revenue Committee on March 7, 2014. The 2014 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires tax collector of county in which real property is located to assign property tax lien to assignee if tax collector receives written authorization from property owner and payment of taxes and fee from assignee. Authorizes owner and assignee to enter into agreement for payment by owner of taxes paid to tax collector by assignee, interest, transaction and other costs. Authorizes assignee to foreclose assigned lien if owner defaults on agreement. Requires court entering judgment of foreclosure and sale to enter order transferring deed to assignee. Requires two-year redemption period after judgment of foreclosure. Limits entitlement of assignee to amounts provided for in lien assignment agreement upon sale of real property. Requires excess proceeds after satisfaction of all claims to be paid to former owner. Requires assignee in property tax lien assignment transaction to be licensed by Department of Consumer and Business Services under consumer finance statutes. Becomes operative on January 1, 2015. Takes effect on 91st day following adjournment sine die.

Its course

February 3 to March 7, 2014, 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 3 to Mar 7 · stopped32 days

Waiting for a committeeFeb 3 to Feb 30 days

RevenueFeb 3 to Mar 7 · stopped32 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 3 – Mar 7

  1. Feb 3Introduced
  2. Sent to Revenue
  3. Mar 7Died when the session ended
All 3 actions, as published
  1. Feb 3First reading. Referred to Speaker's desk.House of Representatives
  2. Feb 3Referred to Revenue.House of Representatives
  3. Mar 7In committee upon adjournment.House of Representatives