OR HB2845 | 2015 | Regular Session


Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 2 2015 - 25% progression
Action: 2015-04-02 - Work Session scheduled.
Pending: House Consumer Protection and Government Effectiveness Committee
Text: Latest bill text (Introduced) [PDF]


Establishes conditions under which person may sell guaranteed asset protection waiver in connection with sale or lease of motor vehicle. Specifies conditions under which purchaser may cancel or creditor may terminate guaranteed asset protection waiver. Provides that guaranteed asset protection waiver is not insurance and is not subject to provisions of Insurance Code. Provides that person that sells guaranteed asset protection waiver may insure waiver for losses and expenses incurred in performing obligations under terms of guaranteed asset protection waiver. Specifies requirements for insurance. Provides that violation of provisions of Act is unlawful practice that is subject to enforcement under Unlawful Trade Practices Act.

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Relating to guaranteed asset protection waivers.



2015-04-02HouseWork Session scheduled.
2015-03-19HousePublic Hearing held.
2015-02-05HouseReferred to Consumer Protection and Government Effectiveness.
2015-02-02HouseFirst reading. Referred to Speaker's desk.

Oregon State Sources

Bill Comments