Oregon Senate Bill 279 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Slight Partisan Bill (Democrat 4-2)
Status: Failed on June 30 2019 - 100% progression
Action: 2019-06-30 - In committee 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 and required fees. 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 January] July 1, 2020. Declares emergency, effective on passage.

Relating to student loan servicers; declaring an emergency.

Sen. Kathleen Taylor [D]	Rep. Karin Power [D]	Sen. Cliff Bentz [R]	Sen. Tim Knopp [R]
Sen. Arnie Roblan [D]	Sen. James Manning [D]

2019-04-03 - Senate - Senate Committee Do pass with amendments and requesting referral to Ways and Means. (Printed A-Engrossed.) (Y: 6 N: 1 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2019-06-30	Senate	In committee upon adjournment.
2019-04-10	Senate	Referred to Ways and Means by order of the President.
2019-04-10	Senate	Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)
2019-04-03	Senate	Work Session held.
2019-03-19	Senate	Public Hearing held.
2019-02-25	Senate	Public Hearing and Work Session cancelled.
2019-01-17	Senate	Referred to Judiciary.
2019-01-14	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/SB279
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB279/Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB279/Senate%20Amendments%20to%20Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB279/A-Engrossed
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/28573