OR HB2845 | 2015 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on April 9 2015 - 50% progression
Action: 2015-06-01 - Public Hearing and Possible Work Session scheduled.
Pending: Senate Judiciary Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

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] amount person must waive 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.

Tracking Information

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Title

Relating to guaranteed asset protection waivers.

Sponsors


Roll Calls

2015-04-08 - House Third Reading (Y: 60 N: 0 NV: 0 Abs: 0) [PASS]
2015-04-02 - House Committee Do pass as amended and be printed engrossed (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2015-06-01SenatePublic Hearing and Possible Work Session scheduled.
2015-04-10SenateReferred to Judiciary.
2015-04-09SenateFirst reading. Referred to President's desk.
2015-04-08HouseThird reading. Carried by Nearman. Passed.Ayes, 60.
2015-04-07HouseSecond reading.
2015-04-06HouseRecommendation: Do pass with amendments and be printed A-Engrossed.
2015-04-02HouseWork Session held.
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

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