SB 485

  • Oregon Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Jun 24, 2021
  • Passed Senate Jun 24, 2021
  • Passed House Jun 25, 2021
  • Signed by Governor Jul 27, 2021

Relating to student loan servicers; and 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, 2022. Declares emergency, effective on passage.

Bill Sponsors (19)

Votes


Actions


Aug 20, 2021

Senate

Effective date, July 27, 2021.

Aug 20, 2021

Senate

Chapter 651, 2021 Laws.

Jul 27, 2021

Senate

Governor signed.

Jul 01, 2021

House

Speaker signed.

Jun 29, 2021

Senate

President signed.

Jun 25, 2021

House

Rules suspended. Third reading. Carried by Power. Passed.

Jun 25, 2021

House

Second reading.

Jun 25, 2021

House

Recommendation: Do pass.

Jun 24, 2021

House

Referred to Ways and Means.

Jun 24, 2021

House

Rules suspended. First reading. Referred to Speaker's desk.

Jun 24, 2021

Senate

Vote explanation(s) filed by Heard.

Jun 24, 2021

Senate

Rules suspended. Third reading. Carried by Taylor. Passed.

Jun 24, 2021

Senate

Second reading.

Jun 23, 2021

Senate

Recommendation: Do pass with amendments. (Printed A-Eng.)

Jun 21, 2021

Senate

Work Session held.

Jun 16, 2021

Senate

Returned to Full Committee.

Jun 16, 2021

Senate

Work Session held.

Jun 13, 2021

Senate

Assigned to Subcommittee On Transportation and Economic Development.

Feb 24, 2021

Senate

Referred to Ways and Means by order of the President.

Feb 24, 2021

Senate

Recommendation: Do Pass and be referred to Ways and Means.

Feb 11, 2021

Senate

Work Session held.

Feb 02, 2021

Senate

Public Hearing held.

Jan 19, 2021

Senate

Referred to Labor and Business.

Jan 11, 2021

Senate

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

Bill Text

Bill Text Versions Format
A-Engrossed PDF
Enrolled PDF
Introduced PDF
Senate Amendments to Introduced PDF
JWM Amendment -1 PDF

Related Documents

Document Format
No related documents.

Sources

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