Oregon Land Title Association Bills of Interest to Title Companies

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Presentation transcript:

Oregon Land Title Association Bills of Interest to Title Companies Educational Program March 10, 2018 New Legislation – 2017 & 2018 Bills of Interest to Title Companies Cleve Abbe, Lawyers Title of Oregon, LLC

2018

2018 Session HB 4007 First-time home buyer savings accounts. Bump in recording fee.

2018 Session HB 4134 Procedure for removal of certain discriminatory restrictions.

2017

2017 Session HB 2855-A / Ch. 164 Procedure to address absence of a fulfillment deed for a paid land sale contract. ORS 93.285 – 93.286

2017 Session HB 2920-B / Ch. 270 Requires full or partial judgment satisfaction after execution sale. ORS 18.235

2017 Session HB 2986-A / Ch. 169 Stay in probates. ORS 18.312

2017 Session HB 3056 / Ch. 110 HOA liens. ORS 94.709 and 100.450

2017 Session SB 381/ Ch. 251 Mailing of notices. ORS 86.157 and 86.720 and other sections of Trust Deed Act.

2017 Session SB 899-A / Ch. 358 Receiverships. Oregon Receivership Code – ORS Ch. 34.

COMING ATTRACTION Remote notarizations

2015

2015 Session SB 85 / Ch. 48 Seismic rehabilitation. ORS 223.685; similar to ORS 223.680 regarding utilities improvements.

2015 Session SB 161 / Ch. 444 Personal property taxes. ORS 311.636 to 311.642.

2015 Session SB 368 / Ch. 291 Judicial foreclosures. ORS 18.862, 18.936, 86.797, 88.010 and 88.060.

2015 Session SB 402 / Ch. 146 Small estates. ORS 114.545.

2015 Session HB 2127 / Ch. 96 Paying taxes on real property transferred into governmental tax exempt status. ORS 311.411.

2015 Session HB 3244 / Ch. 431 Payoff statements. ORS 86.157.

BONUS TOPICS MERS: Contested evictions and reopened Chapter 7 bankruptcies. ALTA 2016 Commitment HUD HAMP Loans

the end