Oregon 2019 Regular Session Status: In Committee 2 D cosponsors

SB 279 — Relating to student loan servicers; declaring an emergency.

Last action — In committee upon adjournment.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2019 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Requires certain persons that service student loans in this state to obtain or renew license. Specifies license application and renewal procedures and required fees. Prescribes duties of licensee and requires licensee to maintain specified liquidity, operating reserves and tangible net worth. Prescribes civil penalty against person that engages in business as student loan servicer without license. Permits Director of Department of Consumer and Business Services to participate in multistate examinations under specified circumstances. Becomes operative <i>January</i>]<b> July</b> 1, 2020. Declares emergency, effective on passage.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 279 on the official Oregon source →

Action History

  1. In committee upon adjournment.

  2. Referred to Ways and Means by order of the President.

  3. Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)

  4. Work Session held.

  5. Public Hearing held.

  6. Public Hearing and Work Session cancelled.

  7. Referred to Judiciary.

  8. Introduction and first reading. Referred to President's desk.

Sponsors

Sponsorship breakdown

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5 sponsors · 1 co-sponsors · 84 not signed on · 1 voted No

Sponsors (5)

Co-sponsors (1)

Not signed on (84)

84 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

finance education
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Frequently asked questions

What does SB 279 do?
Requires certain persons that service student loans in this state to obtain or renew license. Specifies license application and renewal procedures and required fees. Prescribes duties of licensee and requires licensee to maintain specified liquidity, operating reserves and tangible net worth. Prescribes civil penalty against person that engages in business as student loan servicer without license. Permits Director of Department of Consumer and Business Services to participate in multistate examinations under specified circumstances. Becomes operative <i>January</i>]<b> July</b> 1, 2020. Declares emergency, effective on passage.
Who sponsors SB 279?
SB 279 is sponsored by Kathleen Taylor (Democrat), James Manning Jr. (Democrat), Arnie Roblan, Tim Knopp, Cliff Bentz, and Karin Power.
What is the current status of SB 279?
This bill died with 2019 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 279?
Track SB 279 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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