l9n/ Oregon

2020 1st Special Session

House Bill 4204

Establishes temporary limitations on lenders being able to enforce default remedies on obligations secured by mortgages, trust deeds, land sale contracts or other instruments.

Became law as Chapter 4, Oregon Laws 2020, signed June 30, 2020, 6 days after it was filed. In force from June 30, 2020.

What it does

The synopsis the Legislative Assembly published with the bill.

Establishes temporary limitations on lenders being able to enforce default remedies on obligations secured by mortgages, trust deeds, land sale contracts or other instruments.<b> Provides for certain exemptions. Requires lenders to defer payments if lender and borrower do not otherwise agree on loan mitigation, deferral or other foreclosure avoidance measure and permits borrower to pay deferred amounts at end of loan term. Provides that lender may adjust escrow impound payment and take into account deficiencies or shortages that result from deferring borrower's payments. Requires borrower to provide notice to lenders if borrower cannot make periodic installment payment. Specifies notice requirements for residential and commercial borrowers. Prohibits lenders from collecting various fees, penalties and charges during emergency period and from undertaking specified practices. Requires courts to dismiss foreclosure proceedings brought during emergency period without prejudice. Permits borrower that suffers ascertainable loss of money or property because lender took prohibited action to bring action for actual damages. Requires lender to provide written notice to borrower of borrower's rights for accommodation under Act.</b> 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

13 co-sponsors

Julie Fahey, Alissa Keny-Guyer, Akasha Lawrence Spence, Susan McLain, Tiffiny Mitchell, Carla Piluso, Paul Holvey, Maxine Dexter, Rob Nosse, Jeff Reardon, Karin Power, Barbara Smith Warner, Courtney Neron Misslin

In the Senate

    3 co-sponsors

    Shemia Fagan, Mark Hass, Rob Wagner

    Its course

    June 24 to July 7, 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 action19 actions on 6 days

    In the House of RepresentativesJun 24 to Jun 262 days

    Waiting for a committeeJun 24 to Jun 240 days

    The First Special Session of 2020Jun 24 to Jun 262 days

    In the SenateJun 26 to Jun 260 days

    Waiting for a committeeJun 26 to Jun 260 days

    The First Special Session of 2020Jun 26 to Jun 260 days

    With the GovernorJun 26 to Jun 304 days

    Votes

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

    • House of Representatives, third reading39–18

      Passed · Jun 26 · 3 present

    • Senate, third reading19–8

      Passed · Jun 26 · 3 present

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Jun 26

    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 Jun 24 – Jun 26

    1. Jun 24Introduced
    2. Sent to The First Special Session of 2020
    3. Jun 25Heard in The First Special Session of 2020
    4. Jun 26The First Special Session of 2020 recommended it as amended
    5. Read a second time
    6. Passed the House of Representatives, 39 to 18

    In the Senate Jun 26

    1. Jun 26Arrived in the Senate
    2. Sent to The First Special Session of 2020
    3. The First Special Session of 2020 recommended it
    4. Read a second time
    5. Passed the Senate, 19 to 8

    To the Governor Jun 29 – Jul 7

    1. Jun 29Signed in the House of Representatives
    2. Jun 30Signed in the Senate
    3. Signed by the Governor
    4. Jul 7Became chapter 4 of Oregon Laws 2020, in force from June 30, 2020
    All 19 actions, as published
    1. Jun 24First reading. Referred to Speaker's desk.House of Representatives
    2. Jun 24Referred to The First Special Session of 2020.House of Representatives
    3. Jun 25Public Hearing and Work Session held.House of Representatives
    4. Jun 26Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
    5. Jun 26Second reading.House of Representatives
    6. Jun 26Potential conflict(s) of interest declared by Hayden.House of Representatives
    7. Jun 26Rules suspended. Third reading. Carried by Holvey. Passed.House of Representatives
    8. Jun 26Vote explanation(s) filed by Lewis, Smith DB, Wilde.House of Representatives
    9. Jun 26First reading. Referred to President's desk.Senate
    10. Jun 26Referred to The First Special Session of 2020.Senate
    11. Jun 26Recommendation: Do pass the A-Eng. bill.Senate
    12. Jun 26Rules Suspended. Second reading.Senate
    13. Jun 26Rules suspended. Third reading. Carried by Beyer. Passed.Senate
    14. Jun 26Baertschiger Jr, Burdick, Girod, Golden, Hass, Monnes Anderson, Thatcher, Wagner declared potential conflicts of interest.Senate
    15. Jun 26Vote explanation filed by Boquist.Senate
    16. Jun 29Speaker signed.House of Representatives
    17. Jun 30President signed.Senate
    18. Jun 30Governor signed.House of Representatives
    19. Jul 7Chapter 4, (2020 Laws): Effective date June 30, 2020.House of Representatives