OR SB968 | 2017 | Regular Session
Status
Completed Legislative Action
Sponsorship: Bipartisan Bill
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Sponsorship: Bipartisan Bill
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Summary
Revises definition of "beneficiary." Modifies requirements for trustee to foreclose trust deed by advertisement and sale. Declares recorded trustee's deed prima facie evidence that all assignments required to be recorded are recorded. Declares instrument executed by beneficiary prima facie evidence that beneficiary is authorized to execute instrument. Permits beneficiary to designate agent or nominee to act on behalf of beneficiary. Declares emergency, effective on passage.
Title
Relating to trust deeds; declaring an emergency.
Sponsors
| Sen. Elizabeth Johnson [D] | Rep. Andy Olson [R] | Sen. Bill Hansell [R] | Sen. Herman Baertschiger [R] |
| Sen. Ted Ferrioli [R] | Rep. Jeff Barker [D] | Rep. Brian Clem [D] | Rep. Bradley Witt [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-07-07 | Senate | In committee upon adjournment. |
| 2017-04-05 | Senate | Public Hearing held. |
| 2017-03-03 | Senate | Referred to Business and Transportation. |
| 2017-03-02 | Senate | Introduction and first reading. Referred to President's desk. |
Oregon State Sources
| Type | Source |
|---|---|
| Summary | https://olis.oregonlegislature.gov/liz/2017R1/Measures/Overview/SB968 |
| Text | https://olis.oregonlegislature.gov/liz/2017R1/Downloads/MeasureDocument/SB968/Introduced |
