OR HB2562 | 2017 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on June 21 2017 - 100% progression
Action: 2017-06-21 - Chapter 161, (2017 Laws): Effective date January 1, 2018.
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on June 21 2017 - 100% progression
Action: 2017-06-21 - Chapter 161, (2017 Laws): Effective date January 1, 2018.
Text: Latest bill text (Enrolled) [PDF]
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. 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.
Title
Relating to notices required from lenders with contracts for reverse mortgages.
Sponsors
Roll Calls
2017-05-16 - Senate - Senate Third Reading (Y: 28 N: 0 NV: 0 Abs: 2) [PASS]
2017-05-08 - Senate - Senate Committee Do pass the A-Eng bill (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2017-04-20 - House - House Third Reading (Y: 59 N: 0 NV: 0 Abs: 1) [PASS]
2017-04-12 - House - House Committee Do pass with amendments. (Printed A-Eng.) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
2017-05-08 - Senate - Senate Committee Do pass the A-Eng bill (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2017-04-20 - House - House Third Reading (Y: 59 N: 0 NV: 0 Abs: 1) [PASS]
2017-04-12 - House - House Committee Do pass with amendments. (Printed A-Eng.) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-06-21 | House | Chapter 161, (2017 Laws): Effective date January 1, 2018. |
| 2017-05-25 | House | Governor signed. |
| 2017-05-22 | Senate | President signed. |
| 2017-05-18 | House | Speaker signed. |
| 2017-05-16 | Senate | Third reading. Carried by Beyer. Passed.Ayes, 28; excused, 2--Boquist, Olsen. |
| 2017-05-15 | Senate | Second reading. |
| 2017-05-15 | Senate | Recommendation: Do pass the A-Eng. bill. |
| 2017-05-08 | Senate | Public Hearing and Work Session held. |
| 2017-04-27 | Senate | Referred to Business and Transportation. |
| 2017-04-24 | Senate | First reading. Referred to President's desk. |
| 2017-04-20 | House | Third reading. Carried by Witt. Passed.Ayes, 59; Excused, 1--Lininger. |
| 2017-04-19 | House | Rules suspended. Carried over to April 20, 2017 Calendar. |
| 2017-04-18 | House | Rules suspended. Carried over to April 19, 2017 Calendar. |
| 2017-04-17 | House | Second reading. |
| 2017-04-13 | House | Recommendation: Do pass with amendments and be printed A-Engrossed. |
| 2017-04-12 | House | Work Session held. |
| 2017-02-08 | House | Public Hearing held. |
| 2017-01-17 | House | Referred to Business and Labor. |
| 2017-01-09 | House | First reading. Referred to Speaker's desk. |
