Oregon Senate Bill 1540 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 21-4)
Status: Introduced on February 3 2020 - 25% progression, died in chamber
Action: 2020-03-08 - At Desk upon adjournment.
Text: Latest bill text (Engrossed) [PDF]

Requires certain persons that service student loans in this state to obtain or renew license. Specifies license application and renewal procedures, required fees and persons that are exempt from requirement. Prescribes duties of licensee and requires licensee to maintain specified liquidity, operating reserves and tangible net worth. Prescribes civil penalty against person that engages in business as student loan servicer without license. Permits Director of Department of Consumer and Business Services to participate in multistate examinations under specified circumstances. Becomes operative on July 1, 2021. Declares emergency, effective on passage.

Relating to student loan servicers; declaring an emergency.

Sen. Kathleen Taylor [D]	Rep. Karin Power [D]	Sen. Leslee Beyer [D]	Sen. Ginny Burdick [D]
Sen. Michael Dembrow [D]	Sen. Lew Frederick [D]	Sen. Sara Gelser Blouin [D]	Sen. Jeffrey Golden [D]
Sen. Bill Hansell [R]	Sen. Tim Knopp [R]	Sen. James Manning [D]	Sen. Laurie Monnes Anderson [D]
Sen. Floyd Prozanski [D]	Sen. Arnie Roblan [D]	Sen. Elizabeth Steiner Hayward [D]	Sen. Kim Thatcher [R]
Sen. Rob Wagner [D]	Rep. Teresa Alonso Leon [D]	Rep. Jeff Barker [D]	Rep. Margaret Doherty [D]
Rep. Pam Marsh [D]	Rep. Nancy Nathanson [D]	Sen. David Smith [R]	Rep. Barbara Warner [D]
Rep. Anna Williams [D]

2020-02-27 - Senate - Senate Committee Do pass with amendments to the A-Eng bill. (Printed B-Eng.) (Y: 13 N: 0 NV: 0 Abs: 8) [PASS]
2020-02-10 - Senate - Senate Committee Do pass with amendments to the bill. Refer to Ways and Means. (Printed A-Eng.) (Y: 6 N: 1 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-03-08	Senate	At Desk upon adjournment.
2020-02-28	Senate	Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)
2020-02-27	Senate	Work Session held.
2020-02-20	Senate	Returned to Full Committee.
2020-02-20	Senate	Work Session held.
2020-02-19	Senate	Assigned to Subcommittee On Transportation and Economic Development.
2020-02-11	Senate	Referred to Ways and Means by order of the President.
2020-02-11	Senate	Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)
2020-02-10	Senate	Work Session held.
2020-02-06	Senate	Public Hearing held.
2020-02-03	Senate	Referred to Judiciary.
2020-02-03	Senate	Introduction and first reading. Referred to President's desk.
2020-01-27	Senate	Presession Released to the Public.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2020R1/Measures/Overview/SB1540
Text	https://olis.oregonlegislature.gov/liz/2020R1/Downloads/MeasureDocument/SB1540/Introduced
Text	https://olis.oregonlegislature.gov/liz/2020R1/Downloads/MeasureDocument/SB1540/Senate%20Amendments%20to%20Introduced
Text	https://olis.oregonlegislature.gov/liz/2020R1/Downloads/MeasureDocument/SB1540/A-Engrossed
Text	https://olis.oregonlegislature.gov/liz/2020R1/Downloads/MeasureDocument/SB1540/Senate%20Amendments%20to%20A-Engrossed
Text	https://olis.oregonlegislature.gov/liz/2020R1/Downloads/MeasureDocument/SB1540/B-Engrossed
Roll Call	https://olis.oregonlegislature.gov/liz/2020R1/CommitteeReports/MajorityReport/30487
Roll Call	https://olis.oregonlegislature.gov/liz/2020R1/CommitteeReports/MajorityReport/30761