Oregon House Bill 2801 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 18-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Prohibits seller from selling or leasing motor vehicle if sale or lease is contingent upon lender's agreement to purchase retail installment contract or lease agreement. Prohibits seller from selling or leasing motor vehicle if sale or lease is contingent upon lender's agreement to purchase retail installment contract or lease agreement. Provides that if seller sells retail installment contract or lease agreement to lender, lender must provide final approval of funding within 14 days after buyer takes possession of motor vehicle. Provides that if lender does not agree to buy retail installment contract or lease agreement or agrees to buy on terms other than exact terms that seller and buyer agreed to, seller must retain retail installment contract or lease agreement, must notify buyer of seller's retention and may not thereafter sell, assign, transfer or delegate any of the benefits, duties or obligations of the contract or agreement. Provides that seller's failure to comply with provisions of Act deprives seller of right to collect payment due under contract or agreement and right to repossess motor vehicle.

Relating to conditions for financing a purchase of a motor vehicle.

Rep. Nathan Sosa [D]	Sen. Deb Patterson [D]	Rep. Paul Holvey [D]	Rep. Janelle Bynum [D]
Rep. Mark Gamba [D]	Rep. Dacia Grayber [D]	Rep. Zach Hudson [D]	Rep. John Lively [D]
Rep. Pam Marsh [D]	Rep. Nancy Nathanson [D]	Rep. Travis Nelson [D]	Rep. Courtney Neron [D]
Rep. Andrea Valderrama [D]	Sen. Wlnsvey Campos [D]	Sen. Michael Dembrow [D]	Sen. Chris Gorsek [D]
Sen. Floyd Prozanski [D]	Sen. Janeen Sollman [D]

Date	Chamber	Action
2023-06-25	House	In committee upon adjournment.
2023-02-08	House	Public Hearing held.
2023-01-16	House	Referred to Business and Labor.
2023-01-09	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/HB2801
Text	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/HB2801/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/65754
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/260615
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/260671