Enrolled House Bill 4204 (2020)

The record

Jurisdiction

Oregon

Level

State

Authority

Or. Const. art. IV; Oregon Laws 2020 (1st Spec. Sess.), ch. 12 (emergency clause)

Issued

2020-06-30 June 30, 2020

Effective

2020-06-30 (emergency clause); emergency period from Mar. 8, 2020 (read as 2020-06-30)

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) (read as 2020-12-31)

In force

June 30, 2020 to Dec. 31, 2020

Quarters

2020 Q22020 Q32020 Q4

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Courts and public officesOther

Addressees

• lenders (beneficiaries, trustees, mortgagees, land-sale-contract sellers, licensees and their agents)
• borrowers

Functions reached

• SV (compelled deferral on notice; trustee's sales and judicial foreclosures barred on every residential and commercial financing agreement)
• ML
• BL
• CL (retail installment contracts for dwellings)

Collection

Financial Services SEC-13

Operative words

(3)(a) During the emergency period, a lender may not treat as a default a borrower's 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

Notes