OR SB102 | 2025 | Regular Session
Status
Spectrum: Unknown
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-02-03 - Public Hearing held.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-02-03 - Public Hearing held.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Relating to Federal Home Loan Banks; declaring an emergency.
Sponsors
| No sponsor information available at this time. |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-03 | Senate | Public Hearing held. |
| 2025-01-17 | Senate | Referred to Finance and Revenue. |
| 2025-01-13 | Senate | Introduction and first reading. Referred to President's desk. |
