l9n/ Oregon

2015 Regular Session

Senate Bill 879

Exempts individual from requirement to obtain mortgage loan originator's license if individual 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 individual owns or that limited liability company of which individual is member owns and that did not serve as individual's residence if membership in limited liability company consists only of individual and individual's relatives, if individual and

Became law as Chapter 677, Oregon Laws 2015, signed July 6, 2015, 125 days after it was filed. In force from January 1, 2016.

What it does

The synopsis the Legislative Assembly published with the bill.

<b>Exempts individual from requirement to obtain mortgage loan originator's license if individual 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 individual owns or that limited liability company of which individual is member owns and that did not serve as individual's residence if membership in limited liability company consists only of individual and individual's relatives, if individual and limited liability company do not advertise that limited liability company engages in business of making residential mortgage loans and if individual complies with other requirements.</b> Exempts <b>from requirement to obtain mortgage loan originator's license to perform activities of mortgage loan originator</b> attorney who negotiates terms of residential mortgage loan in attorney's representation of client that buys or sells dwelling unit <i>from requirement to obtain mortgage loan originator's license in order to perform activities of mortgage loan originator</i>].

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

March 3 to July 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 action23 actions on 22 days

In the SenateMar 3 to Apr 3058 days

Waiting for a committeeMar 3 to Mar 52 days

Business and TransportationMar 5 to Apr 2854 days

In the House of RepresentativesApr 30 to Jun 1647 days

Waiting for a committeeApr 30 to May 77 days

Business and LaborMay 7 to Jun 1034 days

Back in the SenateJun 16 to Jun 2913 days

With the GovernorJun 29 to Jul 67 days

Votes

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

  • Senate, third reading30–0

    Passed · Apr 30

  • House of Representatives, third reading58–0

    Passed · Jun 16 · 2 present

  • Senate, concurrence29–0

    Agreed to the other chamber's changes · Jun 25 · 1 present

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Apr 28

  • House of Representatives committee amendmentAdopted

    Adopted Jun 10

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 Senate Mar 3 – Apr 30

  1. Mar 3Introduced
  2. Mar 5Sent to Business and Transportation
  3. Apr 15Heard in Business and Transportation
  4. Apr 20Heard in Business and Transportation
  5. Apr 28Business and Transportation recommended it as amended
  6. Apr 29Read a second time
  7. Apr 30Passed the Senate, 30 to 0

In the House of Representatives May 4 – Jun 16

  1. May 4Arrived in the House of Representatives
  2. May 7Sent to Business and Labor
  3. May 27Heard in Business and Labor
  4. Jun 3Heard in Business and Labor
  5. Jun 10Business and Labor recommended it as amended
  6. Jun 11Read a second time
  7. Jun 16Passed the House of Representatives, 58 to 0

Back in the Senate Jun 25 – Jun 29

  1. Jun 25The Senate agreed to the House of Representatives's amendments and passed it again, 29 to 0
  2. Jun 29Signed in the Senate

To the Governor Jun 30 – Jul 21

  1. Jun 30Signed in the House of Representatives
  2. Jul 6Signed by the Governor
  3. Jul 21Became chapter 677 of Oregon Laws 2015
  4. In force from January 1, 2016
All 23 actions, as published
  1. Mar 3Introduction and first reading. Referred to President's desk.Senate
  2. Mar 5Referred to Business and Transportation.Senate
  3. Apr 15Public Hearing held.Senate
  4. Apr 20Public Hearing and Work Session held.Senate
  5. Apr 28Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
  6. Apr 29Second reading.Senate
  7. Apr 30Third reading. Carried by Prozanski. Passed.Senate
  8. May 4First reading. Referred to Speaker's desk.House of Representatives
  9. May 7Referred to Business and Labor.House of Representatives
  10. May 27Public Hearing held.House of Representatives
  11. Jun 3Work Session held.House of Representatives
  12. Jun 10Recommendation: Do pass with amendments and be printed B-Engrossed.House of Representatives
  13. Jun 11Second reading.House of Representatives
  14. Jun 12Rules suspended. Carried over to June 15, 2015 Calendar.House of Representatives
  15. Jun 15Rules suspended. Carried over to June 16, 2015 Calendar.House of Representatives
  16. Jun 16Third reading. Carried by Esquivel. Passed.House of Representatives
  17. Jun 22Taken from 06-22 Calendar and placed on 06-25 Calendar on voice vote.Senate
  18. Jun 25Senate concurred in House amendments and repassed bill.Senate
  19. Jun 29President signed.Senate
  20. Jun 30Speaker signed.House of Representatives
  21. Jul 6Governor signed.Senate
  22. Jul 21Chapter 677, 2015 Laws.Senate
  23. Jul 21Effective date, January 1, 2016.Senate