l9n/ Oregon

2020 Regular Session

Senate Bill 1540

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

Did not become law. It stopped in the Senate on March 8, 2020. The 2020 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Requires certain persons that service student loans in this state to obtain or renew license. Specifies license application and renewal procedures, required fees and persons that are exempt from requirement. Prescribes duties of licensee and requires licensee to maintain specified liquidity, operating reserves and tangible net worth. Prescribes civil penalty against person that engages in business as student loan servicer without license. Permits Director of Department of Consumer and Business Services to participate in multistate examinations under specified circumstances. Becomes operative on July 1, 2021. 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 Senate

15 co-sponsors

Lee Beyer, Ginny Burdick, Michael Dembrow, Lew Frederick, Sara Gelser Blouin, Jeff Golden, Bill Hansell, Tim Knopp, James Manning Jr., Laurie Monnes Anderson, Floyd Prozanski, Arnie Roblan, Elizabeth Steiner, Kim Thatcher, Rob Wagner

In the House of Representatives

8 co-sponsors

Teresa Alonso Leon, Jeff Barker, Margaret Doherty, Pam Marsh, Nancy Nathanson, David Brock Smith, Barbara Smith Warner, Anna Williams

Its course

January 27 to March 8, 2020, 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 action13 actions on 10 days

In the SenateJan 27 to Mar 8 · stopped41 days

Waiting for a committeeJan 27 to Feb 37 days

JudiciaryFeb 3 to Feb 118 days

Ways and MeansFeb 11 to Feb 19 · moved on8 days

Transportation and Economic DevelopmentFeb 19 to Feb 20 · moved on1 day

Ways and MeansFeb 20 to Feb 288 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Feb 11

  • Senate committee amendmentAdopted

    Adopted Feb 28

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 27 – Mar 8

  1. Jan 27Filed before the session
  2. Feb 3Introduced
  3. Sent to Judiciary
  4. Feb 6Heard in Judiciary
  5. Feb 10Heard in Judiciary
  6. Feb 11Judiciary recommended it as amended, and that it go to Ways and Means
  7. Sent to Ways and Means
  8. Feb 19Sent to Transportation and Economic Development Subcommittee
  9. Feb 20Heard in Transportation and Economic Development Subcommittee
  10. Returned to Ways and Means
  11. Feb 27Heard in Ways and Means
  12. Feb 28Ways and Means recommended it as amended
  13. Mar 8Died when the session ended
All 13 actions, as published
  1. Jan 27Presession Released to the Public.Senate
  2. Feb 3Introduction and first reading. Referred to President's desk.Senate
  3. Feb 3Referred to Judiciary.Senate
  4. Feb 6Public Hearing held.Senate
  5. Feb 10Work Session held.Senate
  6. Feb 11Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)Senate
  7. Feb 11Referred to Ways and Means by order of the President.Senate
  8. Feb 19Assigned to Subcommittee On Transportation and Economic Development.Senate
  9. Feb 20Work Session held.Senate
  10. Feb 20Returned to Full Committee.Senate
  11. Feb 27Work Session held.Senate
  12. Feb 28Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)Senate
  13. Mar 8At Desk upon adjournment.Senate