House Bill 4128

<b>Digest: This Act bans some large entities from buying some houses until the houses have been listed for sale on the market for at least 90 days. This Act makes those entities give a notice form to the seller of the house and the Department of Justice. This Act allows the department to enforce the ban and notice form, including the power to impose civil penalties and seek attorney fees and costs in court. (Flesch Readability Score: 62.7).</b> [<i>Digest: This Act forbids some house purchases by large investors who do not wait 90 days and give notices and awards damages to those who sue law breakers. (Flesch Readability Score: 60.3).</i>] Prohibits covered entities from purchasing, acquiring or offering to purchase or acquire a single-family residence unless the residence has been listed for sale to the general public for at least 90 days. Requires a covered entity, upon making or accepting an offer to purchase or acquire a single-family residence, to submit a completed and notarized disclosure form to the seller or seller's agent. Requires the covered entity to submit a copy of the form to the Department of Justice within three days of submitting the form to the seller or seller's agent. [<i>Authorizes any person to bring a civil action in circuit court against a covered entity for a violation of the 90-day waiting period or disclosure form requirements or to otherwise compel compliance with those requirements. Provides for statutory damages.</i>] <b>Authorizes the Attorney General to bring a civil action in circuit court against a covered entity for declaratory relief, to restrain a threatened or actual violation of the 90-day waiting period or the disclosure form requirements or to otherwise compel compliance with those requirements. Authorizes the Attorney General to serve and enforce an investigative demand on a person with relevant information, or a person with information that could lead to the discovery of relevant information, in an investigation of a violation of the 90-day waiting period or the disclosure form requirements. Authorizes the Attorney General to impose a civil penalty against a covered entity upon finding a violation of the 90-day waiting period or the disclosure form requirements. Allows a court to award the costs of investigation and reasonable attorney fees if the Attorney General prevails in a civil action or imposes a civil penalty.</b>

In the House of Representatives

• Ben Bowman

  Sponsor

• Dacia Grayber, Lamar Wise

  Chief co-sponsors

In the Senate

• Lew Frederick

  Sponsor

• Courtney Neron Misslin

  Chief co-sponsor

• House of Representatives, third reading38–16

  Passed · Feb 19 · 6 present

• Senate, third reading26–2

  Passed · Mar 2 · 2 present

• House of Representatives, concurrence38–18

  Agreed to the other chamber's changes · Mar 4 · 4 present

• House of Representatives committee amendmentAdopted

  Adopted Feb 16

• Senate committee amendmentAdopted

  Adopted Feb 25

l9n doesn't hold this bill's text yet.

In the House of Representatives Feb 2 – Feb 19

1. Feb 2Introduced
2. Sent to Housing and Homelessness
3. Feb 10Heard in Housing and Homelessness
4. Feb 12Heard in Housing and Homelessness
5. Feb 16Housing and Homelessness recommended it as amended
6. Feb 17Read a second time
7. Feb 19Passed the House of Representatives, 38 to 16

In the Senate Feb 19 – Mar 2

1. Feb 19Arrived in the Senate
2. Sent to Housing and Development
3. Feb 24Heard in Housing and Development
4. Feb 25Housing and Development recommended it as amended
5. Feb 26Read a second time
6. Mar 2Passed the Senate, 26 to 2

Back in the House of Representatives Mar 4 – Mar 5

1. Mar 4The House of Representatives agreed to the Senate's amendments and passed it again, 38 to 18
2. Mar 5Signed in the House of Representatives

To the Governor Mar 6 – Apr 6

1. Mar 6Signed in the Senate
2. Mar 31Signed by the Governor
3. Apr 6Became chapter 64 of Oregon Laws 2026, in force from January 1, 2027