HB 2562 Oregon House · 2017 Regular Session

Relating to notices required from lenders with contracts for reverse mortgages.

Summary

Requires lender that has contract with person for reverse mortgage to send person or escrow agent, title insurance company or other agent that pays property taxes on person's behalf notice that states that title to property that is subject to reverse mortgage remains with person and person is responsible for paying property taxes and related taxes on property. Provides that lender must send notice each year at least 60 days before property taxes are due on property.

Bill status signed all 4 stages cleared

Introduction

Jan 2017

Committee Review

May 2017

Senate Passage

Apr 2017

Signed into Law

May 2017

Introduced Jan 9, 2017 Signed May 25, 2017

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 25, 2017

Signed into law

Governor signed.

legislature

May 22, 2017

Legislature · Passed

President signed.

legislature

May 19, 2017

Legislature · Passed

Speaker signed.

legislature

May 16, 2017

Legislature · Passed

Third reading. Carried by Beyer. Passed.

legislature

May 15, 2017

Legislature · Passed

Recommendation: Do pass the A-Eng. bill.

legislature

Apr 27, 2017

Committee

Referred to Business and Transportation.

legislature

Apr 24, 2017

Introduced

First reading. Referred to President's desk.

legislature

Apr 20, 2017

Legislature · Passed

Third reading. Carried by Witt. Passed.

legislature

Apr 13, 2017

Legislature · Passed

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

legislature

Jan 18, 2017

Committee

Referred to Business and Labor.

legislature

Jan 9, 2017

Introduced

First reading. Referred to Speaker's desk.

legislature

2 primary · 2 co-sponsors