Oregon Priority Bills Heard in Committee
Posted by Pam Leavitt on February 7, 2025

One day after a very successful Credit Union Day at the Capitol, the House Commerce and Consumer Protection Committee held their first hearing on two bills developed by the Oregon State Issues Working Group. Testifying on behalf of credit unions in support HB3370 and HB3371 were Jason Werts, President/CEO of Rivermark Community CU, Pam Leavitt, GoWest Credit Union Association and Hal Scoggins, Outside Counsel for Oregon Credit Unions. This week we learned of opposition to HB3371 by he Northwest Multifamily Housing Coalition who sees this as an administrative burden for landowners to notify lien holders of vehicles. We are in discussions with them on a possible amendment. As a reminder, here are the technical changes we are proposing in the bills:
Technical Updates for OR Credit Unions – HB3370
- Update a technical issue and discrepancy in the timeline in which a financial institution must accept an affidavit from Dept. of Human Services payout time.
- Allow credit union management to reinstate expelled members instead of making it a Board of Directors responsibility. This occurs rarely and creates an extra burden for boards that have many high-level strategic priorities pending.
- Clarify the composition of the Supervisory/Audit Committee to allow Board members to fill these positions with caveats such as no management, Board Chair, etc. The Supervisory Committee supervises clerical and auditing personnel. The primary functions of the committee are to ensure financial statements are accurate and fairly present the financial condition of the credit union, and management practices and procedures safeguard members’ assets.
Update to Landlord-Tenant Act related to Personal Property HB3371
- The Residential Landlord-Tenant Act has a process in Oregon statute in which a landlord can sell or otherwise dispose of personal property (including vehicles) that is left abandoned on the landlord’s property. The statute requires notice to a lienholder if the abandoned property is an RV, manufactured home, or floating home, but apparently does not require notice to the lienholder if the property is a vehicle. There have been cases where someone handled a landlord’s abandonment sale, did not notify the credit union and got clean title. HB 3371 updates the Residential Landlord-Tenant Act to require notice to the lienholder for vehicles, not just RVs and manufactured or floating homes.
Posted in Advocacy on the Move, Oregon Advocacy.