l9n/ Oregon

2017 Regular Session

House Bill 2562

Requires lender that has contract with person for reverse mortgage to send person or escrow agent, title insurance company or other agent that pays property taxes on person's behalf notice that states that title to property that is subject to reverse mortgage remains with person and person is responsible for paying property taxes and related taxes on property.

Became law as Chapter 161, Oregon Laws 2017, signed May 25, 2017, 136 days after it was filed. In force from January 1, 2018.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires lender that has contract with person for reverse mortgage to send person<b> or escrow agent, title insurance company or other agent that pays property taxes on person's behalf</b> notice that states that title to property that is subject to reverse mortgage remains with person and person is responsible for paying property taxes and related taxes on property. Provides that lender must send notice each year at least 60 days before property taxes are due on property.

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

Carla Piluso, Jodi Hack

In the Senate

Its course

January 9 to June 21, 2017, 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 18 days

In the House of RepresentativesJan 9 to Apr 20101 days

Waiting for a committeeJan 9 to Jan 178 days

Business and LaborJan 17 to Apr 1386 days

In the SenateApr 20 to May 1626 days

Waiting for a committeeApr 20 to Apr 277 days

Business and TransportationApr 27 to May 1518 days

With the GovernorMay 16 to May 259 days

Votes

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

  • House of Representatives, third reading59–0

    Passed · Apr 20 · 1 present

  • Senate, third reading28–0

    Passed · May 16 · 2 present

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Apr 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 9 – Apr 20

  1. Jan 9Introduced
  2. Jan 17Sent to Business and Labor
  3. Feb 8Heard in Business and Labor
  4. Apr 12Heard in Business and Labor
  5. Apr 13Business and Labor recommended it as amended
  6. Apr 17Read a second time
  7. Apr 20Passed the House of Representatives, 59 to 0

In the Senate Apr 24 – May 16

  1. Apr 24Arrived in the Senate
  2. Apr 27Sent to Business and Transportation
  3. May 8Heard in Business and Transportation
  4. May 15Business and Transportation recommended it
  5. Read a second time
  6. May 16Passed the Senate, 28 to 0

To the Governor May 18 – Jun 21

  1. May 18Signed in the House of Representatives
  2. May 22Signed in the Senate
  3. May 25Signed by the Governor
  4. Jun 21Became chapter 161 of Oregon Laws 2017, in force from January 1, 2018
All 19 actions, as published
  1. Jan 9First reading. Referred to Speaker's desk.House of Representatives
  2. Jan 17Referred to Business and Labor.House of Representatives
  3. Feb 8Public Hearing held.House of Representatives
  4. Apr 12Work Session held.House of Representatives
  5. Apr 13Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
  6. Apr 17Second reading.House of Representatives
  7. Apr 18Rules suspended. Carried over to April 19, 2017 Calendar.House of Representatives
  8. Apr 19Rules suspended. Carried over to April 20, 2017 Calendar.House of Representatives
  9. Apr 20Third reading. Carried by Witt. Passed.House of Representatives
  10. Apr 24First reading. Referred to President's desk.Senate
  11. Apr 27Referred to Business and Transportation.Senate
  12. May 8Public Hearing and Work Session held.Senate
  13. May 15Recommendation: Do pass the A-Eng. bill.Senate
  14. May 15Second reading.Senate
  15. May 16Third reading. Carried by Beyer. Passed.Senate
  16. May 18Speaker signed.House of Representatives
  17. May 22President signed.Senate
  18. May 25Governor signed.House of Representatives
  19. Jun 21Chapter 161, (2017 Laws): Effective date January 1, 2018.House of Representatives