Chapter 351 Oregon Laws 2011

AN ACT

HB 2084

Relating to rules that govern mortgage lending; amending ORS 86A.172; and declaring an emergency.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 86A.172 is amended to read:

86A.172. Before adopting [any] rules under ORS 86A.095 to 86A.198, the Director of the Department of Consumer and Business Services [shall consult with an equal number of persons required to be licensed as mortgage bankers or mortgage brokers. The director shall consider the suggestions of those persons in adopting rules under ORS 86A.095 to 86A.198.] may appoint and shall consider the suggestions of an advisory committee that represents the interests of persons that the rules will likely affect. The director may also use other means to obtain public views to assist the director in adopting the rules.

SECTION 2. This 2011 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2011 Act takes effect on its passage.

Approved by the Governor June 16, 2011

Filed in the office of Secretary of State June 16, 2011

Effective date June 16, 2011

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