Oregon House Bill 4204 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 17-0)
Status: Passed on July 7 2020 - 100% progression
Action: 2020-07-07 - Chapter 4, (2020 Laws): Effective date June 30, 2020.
Text: Latest bill text (Enrolled) [PDF]

Establishes temporary limitations on lenders being able to enforce default remedies on obligations secured by mortgages, trust deeds, land sale contracts or other instruments. Establishes temporary limitations on lenders being able to enforce default remedies on obligations secured by mortgages, trust deeds, land sale contracts or other instruments. Provides for certain exemptions. Requires lenders to defer payments if lender and borrower do not otherwise agree on loan mitigation, deferral or other foreclosure avoidance measure and permits borrower to pay deferred amounts at end of loan term. Provides that lender may adjust escrow impound payment and take into account deficiencies or shortages that result from deferring borrower's payments. Requires borrower to provide notice to lenders if borrower cannot make periodic installment payment. Specifies notice requirements for residential and commercial borrowers. Prohibits lenders from collecting various fees, penalties and charges during emergency period and from undertaking specified practices. Requires courts to dismiss foreclosure proceedings brought during emergency period without prejudice. Permits borrower that suffers ascertainable loss of money or property because lender took prohibited action to bring action for actual damages. Requires lender to provide written notice to borrower of borrower's rights for accommodation under Act. Declares emergency, effective on passage.

Relating to strategies to protect Oregonians from the effects of the COVID-19 pandemic; and declaring an emergency.

Rep. Tina Kotek [D]	Rep. Maxine Dexter [D]	Rep. Julianne Fahey [D]	Rep. Paul Holvey [D]
Rep. Alissa Keny-Guyer [D]	Sen. Akasha Lawrence Spence [D]	Rep. Susan McLain [D]	Rep. Tiffiny Mitchell [D]
Rep. Courtney Neron [D]	Rep. Robert Nosse [D]	Rep. Carla Piluso [D]	Rep. Karin Power [D]
Rep. Jeff Reardon [D]	Rep. Barbara Warner [D]	Sen. Shemia Fagan [D]	Sen. Mark Hass [D]
Sen. Rob Wagner [D]

2020-06-26 - Senate - Senate Third Reading (Y: 19 N: 8 NV: 0 Abs: 3) [PASS]
2020-06-26 - House - House Third Reading (Y: 39 N: 18 NV: 0 Abs: 3) [PASS]
2020-06-25 - House - House Committee Do pass with amendments. (Printed A-Eng.) (Y: 9 N: 5 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-07-07	House	Chapter 4, (2020 Laws): Effective date June 30, 2020.
2020-06-30	House	Governor signed.
2020-06-30	Senate	President signed.
2020-06-29	House	Speaker signed.
2020-06-26	Senate	Vote explanation filed by Boquist.
2020-06-26	Senate	Baertschiger Jr, Burdick, Girod, Golden, Hass, Monnes Anderson, Thatcher, Wagner declared potential conflict of interest.
2020-06-26	Senate	Rules suspended. Third reading. Carried by Beyer. Passed. Ayes, 19; Nays, 8--Baertschiger Jr, Boquist, Findley, Girod, Heard, Johnson, Thatcher, Thomsen; Excused, 3--Hansell, Linthicum, Olsen.
2020-06-26	Senate	Rules Suspended. Second reading.
2020-06-26	Senate	Recommendation: Do pass the A-Eng. bill.
2020-06-26	Senate	Referred to The First Special Session of 2020.
2020-06-26	Senate	First reading. Referred to President's desk.
2020-06-26	House	Vote explanation(s) filed by Lewis, Smith DB, Wilde.
2020-06-26	House	Rules suspended. Third reading. Carried by Holvey. Passed. Ayes, 39; Nays, 18--Bonham, Boshart Davis, Breese-Iverson, Drazan, Leif, Lewis, Moore-Green, Nearman, Owens, Post, Reschke, Smith DB, Smith G, Sprenger, Stark, Wallan, Wilson, Zika; Excused, 3--Barker, Barreto, Clem.
2020-06-26	House	Potential conflict(s) of interest declared by Hayden.
2020-06-26	House	Second reading.
2020-06-26	House	Recommendation: Do pass with amendments and be printed A-Engrossed.
2020-06-25	House	Public Hearing and Work Session held.
2020-06-24	House	Referred to The First Special Session of 2020.
2020-06-24	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2020S1/Measures/Overview/HB4204
Text	https://olis.oregonlegislature.gov/liz/2020S1/Downloads/MeasureDocument/HB4204/Introduced
Text	https://olis.oregonlegislature.gov/liz/2020S1/Downloads/MeasureDocument/HB4204/House%20Amendments%20to%20Introduced
Text	https://olis.oregonlegislature.gov/liz/2020S1/Downloads/MeasureDocument/HB4204/A-Engrossed
Text	https://olis.oregonlegislature.gov/liz/2020S1/Downloads/MeasureDocument/HB4204/Enrolled
Roll Call	https://olis.oregonlegislature.gov/liz/2020S1/CommitteeReports/MajorityReport/30867
Roll Call	https://olis.oregonlegislature.gov/liz/2020S1/Measures/MeasureVotes?id=490101
Roll Call	https://olis.oregonlegislature.gov/liz/2020S1/Measures/MeasureVotes?id=490128