OR HB3244 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Unknown
Status: Passed on June 24 2015 - 100% progression
Action: 2015-06-24 - Chapter 431, (2015 Laws): Effective date June 16, 2015.
Text: Latest bill text (Engrossed) [PDF]
Spectrum: Unknown
Status: Passed on June 24 2015 - 100% progression
Action: 2015-06-24 - Chapter 431, (2015 Laws): Effective date June 16, 2015.
Text: Latest bill text (Engrossed) [PDF]
Summary
Provides that borrower or borrower's agent may rely on lender's payoff statement for amount required to discharge mortgage or perform obligation necessary to request reconveyance of estate of real property described in trust deed until after lender delivers amended payoff statement. Provides that borrower or borrower's agent may rely on lender's payoff statement for amount required to discharge mortgage or perform obligation necessary to request reconveyance of estate of real property described in trust deed unless] until after lender delivers amended payoff statement. Provides that lender may recover amounts that borrower owes that do not appear in payoff statement or amended payoff statement only as unsecured debt or by foreclosing other property that secures obligation if borrower or borrower's agent satisfies obligation set forth in payoff statement or amended payoff statement. Declares emergency, effective on passage.
Title
Relating to statements concerning obligations borrowers owe to lenders under real estate loan agreements; and declaring an emergency.
Sponsors
| No sponsor information available at this time. |
Roll Calls
2015-06-04 - Senate - Senate Third Reading (Y: 27 N: 0 NV: 0 Abs: 3) [PASS]
2015-05-27 - Senate - Senate Committee Do pass the A-Eng bill (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]
2015-04-30 - House - House Third Reading (Y: 58 N: 0 NV: 0 Abs: 2) [PASS]
2015-04-17 - House - House Committee Do pass as amended and be printed engrossed (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2015-05-27 - Senate - Senate Committee Do pass the A-Eng bill (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]
2015-04-30 - House - House Third Reading (Y: 58 N: 0 NV: 0 Abs: 2) [PASS]
2015-04-17 - House - House Committee Do pass as amended and be printed engrossed (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-06-24 | House | Chapter 431, (2015 Laws): Effective date June 16, 2015. |
| 2015-06-16 | House | Governor signed. |
| 2015-06-10 | Senate | President signed. |
| 2015-06-08 | House | Speaker signed. |
| 2015-06-04 | Senate | Third reading. Carried by Girod. Passed.Ayes, 27; excused, 3--Boquist, Knopp, Olsen. |
| 2015-06-03 | Senate | Second reading. |
| 2015-06-03 | Senate | Recommendation: Do pass the A-Eng. bill. |
| 2015-05-27 | Senate | Public Hearing and Work Session held. |
| 2015-05-05 | Senate | Referred to Business and Transportation. |
| 2015-05-04 | Senate | First reading. Referred to President's desk. |
| 2015-04-30 | House | Third reading. Carried by Esquivel. Passed.Ayes, 58; Excused, 2--Gorsek, Nathanson. |
| 2015-04-29 | House | Rules suspended. Carried over to April 30, 2015 Calendar. |
| 2015-04-28 | House | Rules suspended. Carried over to April 29, 2015 Calendar. |
| 2015-04-27 | House | Second reading. |
| 2015-04-23 | House | Recommendation: Do pass with amendments and be printed A-Engrossed. |
| 2015-04-17 | House | Work Session held. |
| 2015-03-20 | House | Public Hearing held. |
| 2015-03-05 | House | Referred to Business and Labor. |
| 2015-02-27 | House | First reading. Referred to Speaker's desk. |
