Oregon House Bill 2781

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Commerce and Consumer Protection.
Pending: House Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [PDF]

The Act makes changes to laws about home loans and lender collateral. (Flesch Readability Score: 67.7). Provides that a court may not stay or prohibit a Federal Home Loan Bank from exercising rights to collateral pledged by an insurer-member that is subject to a delinquency proceeding. Requires a receiver to comply with provisions of this Act with respect to claims against the insurer-member. Requires a Federal Home Loan Bank that exercises a right to collateral to repurchase any outstanding capital stock that exceeds the amount of Federal Home Loan Bank stock that the insurer-member must hold as a minimum investment, subject to certain determinations. Prohibits a receiver from voiding the transfer of, or obligation to transfer, moneys or property under the terms of a Federal Home Loan Bank security agreement. Declares an emergency, effective on passage.

Relating to Federal Home Loan Banks; declaring an emergency.

Rep. Gregory Smith [R]

Date	Chamber	Action
2025-01-17	House	Referred to Commerce and Consumer Protection.
2025-01-13	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2781
Text	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2781/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83757