HB 2009
Establishes temporary limitations on lenders' remedies for borrowers' failures to make payments on obligations secured by mortgages, trust deeds or land sale contracts for certain real property.
| Status | Chapter Number Assigned |
| Sponsors | Paul Holvey (Democrat) (Chief), Tina Kotek (Democrat) (Chief), Lee Beyer (Democrat) (Chief), Dacia Grayber (Democrat), Zach Hudson (Democrat), Pam Marsh (Democrat), Tawna Sanchez (Democrat), Chris Gorsek (Democrat), Kathleen Taylor (Democrat), Julie Fahey (Democrat), Karin Power (Democrat), Rob Nosse (Democrat), Courtney Neron Misslin (Democrat), Jeff Golden (Democrat), Maxine Dexter (Democrat) |
| Fiscal impact | Has minimal fiscal impact |
| Revenue impact | No revenue impact |
| Emergency clause | Yes |
Bill Text
- A-Engrossed
- B-Engrossed
- Enrolled
- House Amendments to Introduced
- House Minority Amendments to Introduced
- Introduced
- Minority Report A-Engrossed
- Senate Amendments to A-Engrossed
Establishes temporary limitations on lenders’ remedies for borrowers’ failures to pay mortgages, trust deeds, or land sale contracts.
Overview#
Establishes temporary limitations on lenders’ remedies for borrowers’ failures to make payments on obligations secured by mortgages, trust deeds or land sale contracts for certain real property. Declares emergency, effective on passage.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Jim Patterson | Oregon State Credit Union | Unknown | 2021-02-26 |
| Debbie MacBaker | La Grande | Support | 2021-03-01 |
| Bayo Ware | Portland | Support | 2021-03-01 |
| Kate Denison | Salem | Support | 2021-03-02 |
| Pamela Leavitt | Northwest Credit Union Association | Unknown | 2021-03-03 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-03-03 |
| Brian Hoop | Portland | Support | 2021-03-03 |
| Daniel Brown | Community Action Team Inc | Support | 2021-03-03 |
| Leann Knapp | Oregon Food Bank | Support | 2021-03-03 |
| Kevin Christiansen | Salem | Oppose | 2021-03-03 |
| Shannon Vilhauer | Habitat for Humanity of Oregon | Support | 2021-03-03 |
| Tony Kullen | Portland | Neutral | 2021-03-03 |
| Sybil Hebb | statewide | Support | 2021-03-03 |
| Steve Messinetti | Habitat for Humanity Portland Region | Support | 2021-03-03 |
| Emily Reiman | DevNW | Support | 2021-03-03 |
| Jane doe annonomous | Portland | Support | 2021-03-03 |
| Diane Linn | Portland | Support | 2021-03-03 |
| Sonia Capece | NeighborImpact | Support | 2021-03-03 |
| Loren Naldoza | Neighborhood Partnerships | Support | 2021-03-03 |
| Micole Olivas Leyva | DevNW | Support | 2021-03-03 |
| Pat Ihnat | Oregon Land Title Association | Unknown | 2021-03-03 |
| Alison Belter | Portland Community Reinvestment Initiatives Inc | Support | 2021-03-04 |
| Hope Del Carlo | Multnomah | Support | 2021-03-04 |
| Emily Reiman | DevNW | Support | 2021-03-04 |
| David Wall | Newberg | Oppose | 2021-03-04 |
| David Shirk | Oregon Mortgage Bankers Association | Oppose | 2021-03-04 |
| Shannon Vilhauer | Habitat for Humanity of Oregon | Support | 2021-04-14 |
| Joel Madsen | The Dalles | Support | 2021-04-14 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-04-15 |
| Sybil Hebb | Oregon Law Center | Support | 2021-04-15 |
| Eric Wiley | Pacific Residential Mortgage | Oppose | 2021-04-15 |
| Kevin Christiansen | Oregon Bankers Association | Oppose | 2021-04-15 |
| Leann Knapp | Oregon Food Bank | Support | 2021-04-15 |
| Pam Leavitt | Northwest Credit Union Association | Neutral | 2021-04-15 |
| Paul Cosgrove | Oregon Bankers Association | Unknown | 2021-04-16 |
| Hope Del Carlo | Portland | Support | 2021-04-16 |
| Alison McIntosh | Oregon Housing Alliance | Unknown | 2021-05-05 |
| Sybil Hebb | statewide | Support | 2021-05-05 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-05-06 |
| Emily Reiman | DevNW | Support | 2021-05-06 |
| Kevin Christiansen | Oregon Bankers Association | Oppose | 2021-05-06 |
| Pat Ihnat | Oregon Land Title Association | Neutral | 2021-05-06 |
| Pat Ihnat | Oregon Land Title Association | Neutral | 2021-05-06 |
| Hope Del Carlo | Multnomah | Support | 2021-05-07 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-09 | H | First reading. Referred to Speaker's desk. |
| 2021-02-12 | H | Referred to Business and Labor. |
| 2021-03-03 | H | Public Hearing held. |
| 2021-03-24 | H | Work Session held. |
| 2021-03-31 | H | Recommendation: Do pass with amendments and be printed A-Engrossed. |
| 2021-03-31 | H | Minority Recommendation: Do pass with amendments and be printed A-Engrossed. |
| 2021-04-05 | H | Second reading. |
| 2021-04-06 | H | Motion to substitute Minority Report for Committee Report failed. |
| 2021-04-06 | H | Third reading. Carried by Holvey. Passed. |
| 2021-04-07 | S | First reading. Referred to President's desk. |
| 2021-04-12 | S | Referred to Housing and Development. |
| 2021-04-15 | S | Public Hearing held. |
| 2021-05-06 | S | Public Hearing and Work Session held. |
| 2021-05-12 | S | Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.) |
| 2021-05-14 | S | Second reading. |
| 2021-05-17 | S | Third reading. Carried by Beyer. Passed. |
| 2021-05-17 | S | Vote explanation(s) filed by Heard. |
| 2021-05-19 | H | House concurred in Senate amendments and repassed bill. |
| 2021-05-20 | H | Speaker signed. |
| 2021-05-25 | S | President signed. |
| 2021-06-01 | H | Governor signed. |
| 2021-09-25 | H | Chapter 106, (2021 Laws): Effective date June 01, 2021. |