Oregon Lawmakers Pass Foreclosure Rescue Legislation

In Salem, Oregon, a news release from the Senate Majority Office of the Oregon State Legislature reports:

• The Senate [...] approved HB 3630 [Friday]. The bill will help Oregon families facing foreclosure by cracking down on mortgage “rescue” scams. Additionally, HB 3630 requires that mortgage lenders provide borrowers facing foreclosure with a written, plain language notice of the potential consequences of their situation and ways to avoid foreclosure. These pieces of legislation will help Oregonians when they need it most – when their homes are at risk and they are facing foreclosure.

For the news release, see Legislation promoting fairness for Oregon homeowners passed by Senate ( Enhanced oversight, crackdown on foreclosure ‘consulting,’ plain language requirements key pieces of Senate Democrats’ February agenda).

See also, New legislation helps Oregonians facing foreclosure.