HB 3188

  • Oregon House Bill
  • 2025 Regular Session
  • Introduced in House Jan 13, 2025
  • House
  • Senate
  • Governor

Relating to guarantees against losses in mortgage loans extended to first-time home buyers; declaring an emergency.

Abstract

Directs the [Department of Consumer and Business Services] Housing and Community Services Department to establish a program to guarantee against losses in mortgage loans that lenders extend to first-time home buyers. Specifies which mortgage loans qualify for the guarantee and the qualifications and duties of first-time home buyers. Specifies circumstances under which a lender may make a claim and documentation a lender must provide as support for the claim. Establishes the Welcome Home Assistance Program Fund and appropriates moneys in the fund to the department to carry out the purposes of the Act. Declares an emergency, effective on passage.

Bill Sponsors (11)

Votes


Actions


Jun 28, 2025

House

In committee upon adjournment.

Mar 31, 2025

House

Referred to Ways and Means by prior reference.

Mar 31, 2025

House

Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means by prior reference.

Mar 24, 2025

House

Work Session held.

Feb 12, 2025

House

Public Hearing held.

Feb 06, 2025

House

Referred to Housing and Homelessness by order of Speaker and then Ways and Means by prior reference.

Feb 06, 2025

House

Without recommendation as to passage, be referred to Housing and Homelessness, and then to Ways and Means by prior reference.

Feb 04, 2025

House

Work Session held.

Jan 17, 2025

House

Referred to Commerce and Consumer Protection with subsequent referral to Ways and Means.

Jan 13, 2025

House

First reading. Referred to Speaker's desk.

Bill Text

Bill Text Versions Format
A-Engrossed PDF
House Amendments to Introduced PDF
Introduced PDF
HHOUSH Amendment -3 PDF

Related Documents

Document Format
No related documents.

Sources

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