l9n/ Oregon

2015 Regular Session

House Bill 2532

Requires lender, or agent or affiliate of lender, in any advertisement or communication intended as inducement to apply for or enter into reverse mortgage to include summary of certain provisions of reverse mortgage contract.

Became law as Chapter 87, Oregon Laws 2015, signed May 18, 2015, 126 days after it was filed. In force from May 18, 2015.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires lender, or agent or affiliate of lender, in any advertisement or communication intended as inducement to apply for or enter into reverse mortgage to include summary of certain provisions of reverse mortgage contract.<b> Specifies persons that are exempt from requirement.</b> Becomes operative January 1, 2016. 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

2 co-sponsors

John Lively, Barbara Smith Warner

In the Senate

    1 co-sponsor

    Betsy Johnson

    Its course

    January 12 to May 21, 2015, 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 action18 actions on 17 days

    In the House of RepresentativesJan 12 to Mar 1865 days

    Waiting for a committeeJan 12 to Jan 164 days

    Consumer Protection and Government EffectivenessJan 16 to Mar 1356 days

    In the SenateMar 18 to May 548 days

    Waiting for a committeeMar 18 to Mar 202 days

    Business and TransportationMar 20 to May 445 days

    With the GovernorMay 5 to May 1813 days

    Votes

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

    • House of Representatives, third reading59–0

      Passed · Mar 18 · 1 present

    • Senate, third reading30–0

      Passed · May 5

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Mar 13

    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 Jan 12 – Mar 18

    1. Jan 12Introduced
    2. Jan 16Sent to Consumer Protection and Government Effectiveness
    3. Feb 12Heard in Consumer Protection and Government Effectiveness
    4. Mar 10Heard in Consumer Protection and Government Effectiveness
    5. Mar 13Consumer Protection and Government Effectiveness recommended it as amended
    6. Mar 16Read a second time
    7. Mar 18Passed the House of Representatives, 59 to 0

    In the Senate Mar 19 – May 5

    1. Mar 19Arrived in the Senate
    2. Mar 20Sent to Business and Transportation
    3. Apr 27Heard in Business and Transportation
    4. May 4Business and Transportation recommended it
    5. Read a second time
    6. May 5Passed the Senate, 30 to 0

    To the Governor May 8 – May 21

    1. May 8Signed in the House of Representatives
    2. May 11Signed in the Senate
    3. May 18Signed by the Governor
    4. May 21Became chapter 87 of Oregon Laws 2015, in force from May 18, 2015
    All 18 actions, as published
    1. Jan 12First reading. Referred to Speaker's desk.House of Representatives
    2. Jan 16Referred to Consumer Protection and Government Effectiveness.House of Representatives
    3. Feb 12Public Hearing held.House of Representatives
    4. Mar 10Work Session held.House of Representatives
    5. Mar 13Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
    6. Mar 16Second reading.House of Representatives
    7. Mar 17Rules suspended. Carried over to March 18, 2015 Calendar.House of Representatives
    8. Mar 18Third reading. Carried by Witt. Passed.House of Representatives
    9. Mar 19First reading. Referred to President's desk.Senate
    10. Mar 20Referred to Business and Transportation.Senate
    11. Apr 27Public Hearing and Work Session held.Senate
    12. May 4Recommendation: Do pass the A-Eng. bill.Senate
    13. May 4Second reading.Senate
    14. May 5Third reading. Carried by Monroe. Passed.Senate
    15. May 8Speaker signed.House of Representatives
    16. May 11President signed.Senate
    17. May 18Governor signed.House of Representatives
    18. May 21Chapter 87, (2015 Laws): Effective date May 18, 2015.House of Representatives