SB 1540

  • Oregon Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Feb 03, 2020
  • Senate
  • House
  • Governor

Relating to student loan servicers; declaring an emergency.

Abstract

Requires certain persons that service student loans in this state to obtain or renew license. Specifies license application and renewal procedures, required fees and persons that are exempt from requirement. Prescribes duties of licensee and requires licensee to maintain specified liquidity, operating reserves and tangible net worth. Prescribes civil penalty against person that engages in business as student loan servicer without license. Permits Director of Department of Consumer and Business Services to participate in multistate examinations under specified circumstances. Becomes operative on July 1, 2021. Declares emergency, effective on passage.

Bill Sponsors (25)

Votes


Actions


Mar 09, 2020

Senate

At Desk upon adjournment.

Feb 28, 2020

Senate

Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)

Feb 27, 2020

Senate

Work Session held.

Feb 20, 2020

Senate

Returned to Full Committee.

Feb 20, 2020

Senate

Work Session held.

Feb 19, 2020

Senate

Assigned to Subcommittee On Transportation and Economic Development.

Feb 11, 2020

Senate

Referred to Ways and Means by order of the President.

Feb 11, 2020

Senate

Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)

Feb 10, 2020

Senate

Work Session held.

Feb 06, 2020

Senate

Public Hearing held.

Feb 03, 2020

Senate

Referred to Judiciary.

Feb 03, 2020

Senate

Introduction and first reading. Referred to President's desk.

Jan 27, 2020

Senate

Presession Released to the Public.

Bill Text

Bill Text Versions Format
A-Engrossed PDF
B-Engrossed PDF
Introduced PDF
Senate Amendments to A-Engrossed PDF
Senate Amendments to Introduced PDF
SJUD Amendment -1 PDF
JWM Amendment -A2 PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Oregon Legislative Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.