HB 4204

  • Oregon House Bill
  • 2020 Special Session
  • Introduced in House Jun 26, 2020
  • Passed House Jun 26, 2020
  • Passed Senate Jun 26, 2020
  • Signed by Governor Jun 30, 2020

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

Abstract

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.

Bill Sponsors (17)

Votes


Actions


Jul 07, 2020

House

Chapter 4, (2020 Laws): Effective date June 30, 2020.

Jun 30, 2020

House

Governor signed.

Jun 30, 2020

Senate

President signed.

Jun 29, 2020

House

Speaker signed.

Jun 26, 2020

Senate

Vote explanation filed by Boquist.

Jun 26, 2020

Senate

Baertschiger Jr, Burdick, Girod, Golden, Hass, Monnes Anderson, Thatcher, Wagner declared potential conflict of interest.

Jun 26, 2020

Senate

Rules suspended. Third reading. Carried by Beyer. Passed.

Jun 26, 2020

Senate

Rules Suspended. Second reading.

Jun 26, 2020

Senate

Recommendation: Do pass the A-Eng. bill.

Jun 26, 2020

Senate

Referred to The First Special Session of 2020.

Jun 26, 2020

Senate

First reading. Referred to President's desk.

Jun 26, 2020

House

Vote explanation(s) filed by Lewis, Smith DB, Wilde.

Jun 26, 2020

House

Rules suspended. Third reading. Carried by Holvey. Passed.

Jun 26, 2020

House

Potential conflict(s) of interest declared by Hayden.

Jun 26, 2020

House

Second reading.

Jun 26, 2020

House

Recommendation: Do pass with amendments and be printed A-Engrossed.

Jun 25, 2020

House

Public Hearing and Work Session held.

Jun 24, 2020

House

Referred to The First Special Session of 2020.

Jun 24, 2020

House

First reading. Referred to Speaker's desk.

Bill Text

Bill Text Versions Format
A-Engrossed PDF
Enrolled PDF
House Amendments to Introduced PDF
Introduced PDF
J1SS Amendment -4 PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated nightly from the official website of the Oregon Legislative Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.