l9n/ Oregon

2021 Regular Session

Senate Bill 485

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

Became law as Chapter 651, Oregon Laws 2021, signed July 27, 2021, 197 days after it was filed. In force from July 27, 2021.

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, 2022. 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

1 co-sponsor

Tim Knopp

In the House of Representatives

16 co-sponsors

Julie Fahey, Rachel Prusak, Wlnsvey Campos, Dacia Grayber, Mark Meek, Lisa Reynolds, Jack Zika, Barbara Smith Warner, Janeen Sollman, Teresa Alonso Leon, Andrea Valderrama, Pam Marsh, Courtney Neron Misslin, Brian Clem, Anna Williams, Jason Kropf

Its course

January 11 to August 20, 2021, 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 action24 actions on 15 days

In the SenateJan 11 to Jun 24164 days

Waiting for a committeeJan 11 to Jan 198 days

Labor and BusinessJan 19 to Feb 2436 days

Ways and MeansFeb 24 to Jun 13 · moved on109 days

Transportation and Economic DevelopmentJun 13 to Jun 16 · moved on3 days

Ways and MeansJun 16 to Jun 237 days

In the House of RepresentativesJun 24 to Jun 251 day

Waiting for a committeeJun 24 to Jun 240 days

Ways and MeansJun 24 to Jun 251 day

With the GovernorJun 25 to Jul 2732 days

Votes

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

  • Senate, third reading22–7

    Passed · Jun 24 · 1 present

  • House of Representatives, third reading53–2

    Passed · Jun 25 · 4 present

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Jun 23

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 11 – Jun 24

  1. Jan 11Introduced
  2. Jan 19Sent to Labor and Business
  3. Feb 2Heard in Labor and Business
  4. Feb 11Heard in Labor and Business
  5. Feb 24Labor and Business recommended it, and that it go to Ways and Means
  6. Sent to Ways and Means
  7. Jun 13Sent to Transportation and Economic Development Subcommittee
  8. Jun 16Heard in Transportation and Economic Development Subcommittee
  9. Returned to Ways and Means
  10. Jun 21Heard in Ways and Means
  11. Jun 23Ways and Means recommended it as amended
  12. Jun 24Read a second time
  13. Passed the Senate, 22 to 7

In the House of Representatives Jun 24 – Jun 25

  1. Jun 24Arrived in the House of Representatives
  2. Sent to Ways and Means
  3. Jun 25Ways and Means recommended it
  4. Read a second time
  5. Passed the House of Representatives, 53 to 2

To the Governor Jun 29 – Aug 20

  1. Jun 29Signed in the Senate
  2. Jul 1Signed in the House of Representatives
  3. Jul 27Signed by the Governor
  4. Aug 20Became chapter 651 of Oregon Laws 2021
  5. In force from July 27, 2021
All 24 actions, as published
  1. Jan 11Introduction and first reading. Referred to President's desk.Senate
  2. Jan 19Referred to Labor and Business.Senate
  3. Feb 2Public Hearing held.Senate
  4. Feb 11Work Session held.Senate
  5. Feb 24Recommendation: Do Pass and be referred to Ways and Means.Senate
  6. Feb 24Referred to Ways and Means by order of the President.Senate
  7. Jun 13Assigned to Subcommittee On Transportation and Economic Development.Senate
  8. Jun 16Work Session held.Senate
  9. Jun 16Returned to Full Committee.Senate
  10. Jun 21Work Session held.Senate
  11. Jun 23Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
  12. Jun 24Second reading.Senate
  13. Jun 24Rules suspended. Third reading. Carried by Taylor. Passed.Senate
  14. Jun 24Vote explanation(s) filed by Heard.Senate
  15. Jun 24Rules suspended. First reading. Referred to Speaker's desk.House of Representatives
  16. Jun 24Referred to Ways and Means.House of Representatives
  17. Jun 25Recommendation: Do pass.House of Representatives
  18. Jun 25Second reading.House of Representatives
  19. Jun 25Third reading. Carried by Power. Passed.House of Representatives
  20. Jun 29President signed.Senate
  21. Jul 1Speaker signed.House of Representatives
  22. Jul 27Governor signed.Senate
  23. Aug 20Chapter 651, 2021 Laws.Senate
  24. Aug 20Effective date, July 27, 2021.Senate