l9n/ Oregon

2017 Regular Session

Senate Bill 98

Requires certain persons that service residential mortgage loans in this state to obtain or renew license.

Became law as Chapter 636, Oregon Laws 2017, signed August 2, 2017, 205 days after it was filed. In force from August 2, 2017.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires certain persons that service residential mortgage loans in this state to obtain or renew license. Specifies license application and renewal procedures and required fees. Prescribes duties of licensee and prohibits certain activities relating to negotiating or offering to negotiate modification of terms of residential mortgage loan. Requires licensee to maintain specified liquidity, operating reserves and net worth. Prescribes civil penalties against persons that engage in business as residential mortgage loan servicer without license. Permits Director of Department of Consumer and Business Services to remove member of licensee's governing body or licensee's officer under certain circumstances. Permits director to participate in multistate mortgage examinations under specified circumstances. Becomes operative January 1, 2018. Declares emergency, effective on passage.

Its course

January 9 to August 10, 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 action23 actions on 18 days

In the SenateJan 9 to Jun 22164 days

Waiting for a committeeJan 9 to Jan 178 days

Business and TransportationJan 17 to Apr 1285 days

Ways and MeansApr 12 to May 24 · moved on42 days

Transportation and Economic DevelopmentMay 24 to Jun 7 · moved on14 days

Ways and MeansJun 7 to Jun 1912 days

In the House of RepresentativesJun 22 to Jun 286 days

Waiting for a committeeJun 22 to Jun 231 day

Ways and MeansJun 23 to Jun 274 days

With the GovernorJun 28 to Aug 235 days

Votes

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

  • Senate, third reading26–2

    Passed · Jun 22 · 2 present

  • House of Representatives, third reading51–3

    Passed · Jun 28 · 6 present

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Apr 12

  • Senate committee amendmentAdopted

    Adopted Jun 19

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 Jan 9 – Jun 22

  1. Jan 9Introduced
  2. Jan 17Sent to Business and Transportation
  3. Apr 5Heard in Business and Transportation
  4. Apr 12Business and Transportation recommended it as amended, and that it go to Ways and Means
  5. Sent to Ways and Means
  6. May 24Sent to Transportation and Economic Development Subcommittee
  7. Jun 7Heard in Transportation and Economic Development Subcommittee
  8. Returned to Ways and Means
  9. Jun 16Heard in Ways and Means
  10. Jun 19Ways and Means recommended it as amended
  11. Jun 20Read a second time
  12. Jun 22Passed the Senate, 26 to 2

In the House of Representatives Jun 23 – Jun 28

  1. Jun 23Arrived in the House of Representatives
  2. Sent to Ways and Means
  3. Jun 27Ways and Means recommended it
  4. Read a second time
  5. Jun 28Passed the House of Representatives, 51 to 3

To the Governor Jun 30 – Aug 10

  1. Jun 30Signed in the Senate
  2. Jul 1Signed in the House of Representatives
  3. Aug 2Signed by the Governor
  4. Aug 10Became chapter 636 of Oregon Laws 2017
  5. In force from August 2, 2017
All 23 actions, as published
  1. Jan 9Introduction and first reading. Referred to President's desk.Senate
  2. Jan 17Referred to Business and Transportation.Senate
  3. Apr 5Public Hearing and Work Session held.Senate
  4. Apr 12Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)Senate
  5. Apr 12Referred to Ways and Means by order of the President.Senate
  6. May 24Assigned to Subcommittee On Transportation and Economic Development.Senate
  7. Jun 7Public Hearing and Work Session held.Senate
  8. Jun 7Returned to Full Committee.Senate
  9. Jun 16Work Session held.Senate
  10. Jun 19Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)Senate
  11. Jun 20Second reading.Senate
  12. Jun 21Carried over to 06-22 by unanimous consent.Senate
  13. Jun 22Third reading. Carried by Johnson. Passed.Senate
  14. Jun 23First reading. Referred to Speaker's desk.House of Representatives
  15. Jun 23Referred to Ways and Means.House of Representatives
  16. Jun 27Recommendation: Do pass.House of Representatives
  17. Jun 27Second reading.House of Representatives
  18. Jun 28Third reading. Carried by Reardon. Passed.House of Representatives
  19. Jun 30President signed.Senate
  20. Jul 1Speaker signed.House of Representatives
  21. Aug 2Governor signed.Senate
  22. Aug 10Chapter 636, 2017 Laws.Senate
  23. Aug 10Effective date, August 2, 2017.Senate