75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 2675
 
                         Senate Bill 730
 
Sponsored by COMMITTEE ON CONSUMER PROTECTION AND PUBLIC AFFAIRS
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Creates Task Force on Home Foreclosure Prevention. Authorizes
task force to seek and obtain information related to options for
avoiding home foreclosures in this state and recommend programs,
policies, legislation or other methods for avoiding foreclosures.
  Sunsets task force on date of convening of next regular
biennial legislative session.
  Declares emergency, effective on passage.
 
                        A BILL FOR AN ACT
Relating to foreclosure; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + (1) There is created the Task Force on Home
Foreclosure Prevention, consisting of seven members appointed as
follows:
  (a) The President of the Senate shall appoint:
  (A) One member from among members of the Senate.
  (B) One member who represents mortgage lenders or servicers
that operate in this state.
  (C) One member who represents the interests of homeowners in
this state who face potential foreclosure on their dwellings.
  (b) The Speaker of the House of Representatives shall appoint:
  (A) One member from among members of the House of
Representatives.
  (B) One member who represents mortgage lenders or servicers
that operate in this state.
  (C) One member who represents the interests of homeowners in
this state who face potential foreclosure on their dwellings.
  (c) The Director of the Department of Consumer and Business
Services shall appoint one member who represents the Department
of Consumer and Business Services.
  (2) The task force shall:
  (a) Examine potential options for avoiding home foreclosures in
this state;
  (b) Evaluate the practicality and success of options that have
been suggested or implemented;
  (c) Seek and accept input from mortgage lenders and servicers,
homeowners, community groups, business and legal professionals
involved in mortgage lending and mortgage foreclosures and other
persons with knowledge of the field and of relevant issues; and
 
 
  (d) Recommend policies, programs, legislation or methods for
avoiding home foreclosures that can be implemented practicably
and effectively.
  (3) The task force may hold hearings, take testimony, convene
working groups and take other measures to obtain and evaluate
information, and make recommendations within the scope of the
task force's mandate, as described in this section.
  (4) A majority of the members of the task force constitutes a
quorum for the transaction of business.
  (5) Official action by the task force requires the approval of
a majority of the members of the task force.
  (6) The task force shall elect one of the task force's members
to serve as chairperson.
  (7) If there is a vacancy for any cause, the appointing
authority shall make an appointment to become immediately
effective.
  (8) The task force shall meet at times and places specified by
the call of the chairperson or of a majority of the members of
the task force.
  (9) The task force may adopt rules necessary for the operation
of the task force.
  (10) The task force shall submit a report with recommendations
for policies, programs, legislation or methods for avoiding home
foreclosures that can be implemented practicably and effectively
to a committee of the Legislative Assembly related to consumer
protection no later than October 1, 2009.
  (11) The Department of Consumer and Business Services shall
provide staff support to the task force.
  (12) Members of the task force who are not members of the
Legislative Assembly are not entitled to compensation, but may be
reimbursed for actual and necessary travel and other expenses the
members incur in the performance of the members' official duties
in the manner and amounts provided for in ORS 292.495. Claims for
expenses incurred in performing functions of the task force shall
be paid out of funds appropriated to the Department of Consumer
and Business Services for purposes of the task force.
  (13) All agencies of state government, as defined in ORS
174.111, are directed to assist the task force in the performance
of its duties and, to the extent permitted by laws relating to
confidentiality, to furnish such information and advice as the
members of the task force consider necessary to perform the
members' duties. + }
  SECTION 2.  { + Section 1 of this 2009 Act is repealed on the
date of the convening of the next regular biennial legislative
session. + }
  SECTION 3.  { + This 2009 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2009 Act takes effect on its
passage. + }
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