HB 2485

Establishes procedures for adoption of restated declaration, restated assignment of use of limited common elements and restated bylaws by condominium association.

Status	Chapter Number Assigned
Session	2019 Regular Session
Requested by	(at the request of House Interim Committee on Judiciary for Oregon Condominium Working Group)
Fiscal impact	No fiscal impact
Revenue impact	No revenue impact

Bill Text

Establishes procedures for condominium associations to adopt restated declarations and requires Real Estate Commissioner approval of condominium documentation.

Original Bill Text

Overview#

Establishes procedures for adoption of restated declaration, restated assignment of use of limited common elements and restated bylaws by condominium association. Requires Real Estate Commissioner approval of restated declarations, limited residential condominium disclosure statements, nonresidential condominium documentation and amendments to declarations of condominiums. Establishes submission requirements and procedure for commissioner approval. Requires amendment procedures contained in bylaws of condominium to be consistent with provisions of law in effect at time of recording.

Legislative History

Date	Chamber	Action
2019-01-14	H	First reading. Referred to Speaker's desk.
2019-01-18	H	Referred to Judiciary.
2019-03-14	H	Public Hearing held.
2019-03-27	H	Work Session held.
2019-03-29	H	Recommendation: Do pass with amendments and be printed A-Engrossed.
2019-04-01	H	Second reading.
2019-04-02	H	Third reading. Carried by Gorsek. Passed.
2019-04-04	S	First reading. Referred to President's desk.
2019-04-05	S	Referred to Judiciary.
2019-04-17	S	Public Hearing held.
2019-04-18	S	Work Session held.
2019-04-24	S	Recommendation: Do pass the A-Eng. bill.
2019-04-24	S	Second reading.
2019-04-25	S	Third reading. Carried by Manning Jr. Passed.
2019-04-29	H	Speaker signed.
2019-04-29	S	President signed.
2019-05-06	H	Governor signed.
2019-05-10	H	Chapter 69, (2019 Laws): Effective date January 1, 2020.