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Relating to rights of redemption.

It became law on Jun 17, 2019.

OR SB 11 · Senate Bill · 2019 Regular Session

Stage
Became law
Started in
Senate
Sponsors
3
Latest action
Jun 17, 2019

What it does

Requires person who purchases residential real property after foreclosure complaint has been filed and before end of redemption period to provide notice to seller regarding relinquishment of interests in property and rights to surplus funds. \tRequires sheriff, before conducting execution sale of real property, to provide on website certain notice to debtor regarding offers to sell rights to surplus funds. \tRequires complaint in suit to foreclose residential trust deed to include notice to lien debtor regarding sales of redemption rights. \t\tProhibits transferring right to redeem property to successor in interest by sale.].

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Jun 17, 2019

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Oregon.

Work with this bill

Relating to rights of redemption. | 52