New Oregon Forms Available Soon

In the last issue of the UTA eNews, we reported that SB 628, legislation mandating enhanced mediation notice requirements to grantors in Oregon, had been signed into law and that Oregon Department of Business and Consumer Services (DCBS), the agency charged with implementing the bill would update relevant forms several weeks prior to the bill’s operative date (September 29, 2009). Once that form is available, DCBS will post it on its website.

Click here for the Oregon DCBS website.
Copies of the forms will also be available by contacting the UTA office.

The final law requires only that lenders provide an enhanced mediation notice to grantors and allows grantors to petition lenders for a modification of their loan. Read the previous story on SB 628.

You can download a copy of the bill at the link below, which at Section 1, specifies the precise language that must be included in the enhanced mediation notice. Read SB 628 as enrolled