Tag Archive: "Oregon"
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Missouri Modifies Statutes Regarding Real Estate Loans and Loan Fees
by: Paul McSheffrey Provisions Regarding Real Estate Loans The Missouri General Assembly recently passed House Bill NOS. 446 & 211, amending a statute regarding real estate loans. The statute, found at Section A. Chapter 443, is amended to now include a new section 443.454. The new section precludes local laws from affecting the rights associated […]
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Oregon Adds Provisions Regarding Security Freezes on Protected Consumer Reports
by: Paul McSheffreyThe Oregon state legislature recently passed Enrolled Senate Bill 574, amending statutes relating to security freezes on protected consumers’ consumer reports. The Act provides procedures for requesting security freezes and protective records for “protected consumers”. A “protected consumer” includes individuals no older than sixteen, an individual who is incapacitated, or an individual who […]
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Oregon Enacts Provisions Regarding Negligence of Foreclosed Residential Properties
by: Paul McSheffreyThe Oregon Legislature recently enacted provisions regarding negligence of foreclosed residential properties with Enrolled House Bill 2662. An owner that forecloses a trust deed or receives a judgment foreclosing a lien on the property must now meet certain maintenance and monitoring standards during any period that the foreclosed property is vacant. The Bill […]
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Oregon Adds Provisions Regarding Foreclosure of Residential Trust Deeds
by Paul McSheffrey, Esq. The state of Oregon recently amended and added provisions to ORS 86.705 to 86.795 regarding foreclosures on residential trust deeds. A beneficiary in these transactions must now request a resolution conference with the grantor before the beneficiary or the trustee files a notice of default or brings suit. The purpose of […]
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Oregon Amends Exemption Provisions for Certain Entities & MLO Licensing
by: Paul McSheffreyProvisions Regarding Exemption from Licensing for Mortgage Loan Originators The Oregon Legislative Assembly recently passed Enrolled House Bill 2856, making changes to the licensing requirements for mortgage loan originators found in ORS 86A.203. The amendments add an exemption from licensing requirements for an individual who as seller within a twelve month period, negotiates […]
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Oregon Enacts Various Legislation Regarding Lending
by: Paul McSheffrey, Esq. Modifications to Provisions Regarding Interest on Lender’s Security Protection The Oregon Legislative Assembly recently passed Enrolled House Bill 2688. The Bill creates new provisions and amends Oregon statute 87.202 regarding statements of account for foreclosures of liens on chattel. The amendments to ORS 87.202 apply to foreclosures by sale that […]