{"id":"SEC-13-088","kind":"order","level":"state","jurisdiction":"Oregon","state":"OR","metro":"","industry":"13","agency":"","eco":"","issuer":"Oregon Legislative Assembly (2020 First Special Session); approved by Governor Kate Brown June 30, 2020","authority":"Or. Const. art. IV; Oregon Laws 2020 (1st Spec. Sess.), ch. 12 (emergency clause)","instrument":"Enrolled House Bill 4204 (2020)","title":"Relating to strategies to protect Oregonians from the effects of the COVID-19 pandemic (mortgage forbearance and foreclosure moratorium)","dateIssued":"2020-06-30","effective":"2020-06-30 (emergency clause); emergency period from Mar. 8, 2020","end":"emergency period to Sept. 30, 2020, extended by EO 20-37 (Aug. 31, 2020; OR-026) to Dec. 31, 2020; successor HB 2009 (2021) and EO 21-14 (to Sept. 30, 2021; OR-042) and EO 21-30 (to Dec. 31, 2021; OR-050)","startDate":"2020-06-30","endDate":"2020-12-31","quarters":["2020Q2","2020Q3","2020Q4"],"types":["OTHER","CRT"],"addressees":["lenders (beneficiaries, trustees, mortgagees, land-sale-contract sellers, licensees and their agents)","borrowers"],"clause":"(3)(a) During the emergency period, a lender may not treat as a default a borrower\u0027s failure to make a periodic installment payment... if at any time during the emergency period the borrower notifies the lender that the borrower will not be able to pay... [the lender shall] (A) Defer from collecting the periodic installment payment during the emergency period... (4)... a lender may not at any time during the emergency period: (a) Foreclose a trust deed by advertisement and sale; [(b) bring a judicial foreclosure or forfeiture action; (c) execute or record a notice of default, sale or forfeiture...]","enforcement":"Statute; ORS ch. 86 remedies; the Act is Oregon Laws 2020 (1st Spec. Sess.), ch. 12","functions":["SV (compelled deferral on notice; trustee\u0027s sales and judicial foreclosures barred on every residential and commercial financing agreement)","ML","BL","CL (retail installment contracts for dwellings)"],"notes":"Text read. Reaches every \u0027financing agreement\u0027 secured by real property in Oregon, without regard to federal backing.","sourceUrl":"https://olis.oregonlegislature.gov/liz/2020S1/Downloads/MeasureDocument/HB4204/Enrolled","snapshot":"","fileExists":true,"fileBytes":34367,"grade":"primary","character":"","description":"","collection":"SEC-13","url":"/library/SEC-13-088","exhibitUrl":"/exhibit/SEC-13-088","citation":"Oregon Legislative Assembly (2020 First Special Session); approved by Governor Kate Brown June 30, 2020, Enrolled House Bill 4204 (2020) (June 30, 2020) (Ex. SEC-13-088)","stateName":"Oregon","related":["OR-026","OR-042","OR-050","OR-024","SEC-13-089"]}