HB 2477
Requires purchaser of real property with intent to acquire redemption rights to include warning in deed transferring property.
| Status | In House Committee (HJUD) |
| Session | 2019 Regular Session |
| Requested by | (at the request of House Interim Committee on Judiciary for Oregon State Sheriffs' Association) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Requires warnings in deeds involving redemption rights and establishes notice procedures for residential foreclosures and execution sales.
Overview#
Requires purchaser of real property with intent to acquire redemption rights to include warning in deed transferring property. Requires sheriff to include in notice of execution sale posted on website notice regarding certain rights of debtors. Requires person filing complaint to foreclose residential trust deed to provide lien debtor with notice about sale of redemption rights. Revises notice required in nonjudicial foreclosure for consistency.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-14 | H | First reading. Referred to Speaker's desk. |
| 2019-01-18 | H | Referred to Judiciary. |
| 2019-02-12 | H | Public Hearing held. |
| 2019-06-30 | H | In committee upon adjournment. |