All Roll Calls
Yes: 105 • No: 111
OregonHB 41162026 Regular SessionHouseWALLET
Relating to consumer finance loans; and prescribing an effective date.
Sponsored By: Ben Bowman (Democratic), Courtney Neron Misslin (Democratic), Deb Patterson (Democratic), Floyd Prozanski (Democratic), Jeff Golden (Democratic), Lamar Wise (Democratic), Nathan Sosa (Democratic), Tom Andersen (Democratic), Wlnsvey Campos (Democratic)
Became Law
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
New license rules and fees for lenders
To get a consumer finance license, you file the state form. You list owners, key officers, and home and business addresses. You give an NMLS ID, fingerprints for background checks, and a work history. You authorize NMLS to pull your credit and legal records. You pay a state-set license fee when you apply, which covers the rest of the calendar year. If the director denies the license for cause or you withdraw after an investigation, you get a refund minus administrative and investigation costs.
When these loan rules start
The law takes effect on the 91st day after the 2026 regular session ends. The changes apply only to consumer finance loans made on or after that start date. Loans made before that date are not covered by these new rules.
Which consumer loans Oregon now regulates
The law covers consumer loans of $50,000 or less to people who live in Oregon. It also covers agents and brokers who arrange these loans. A loan counts if the borrower entered the loan while in Oregon or pays from an Oregon account. Oregon says a 1980 federal change does not apply to these loans, so the state uses Oregon law. Loans made and payable outside Oregon that are lawful there generally stay under that other state’s law. This chapter does not take away rights under other lending laws when lenders follow those laws.
Sponsors & Cosponsors
Sponsors
Ben Bowman
Democratic • House
Courtney Neron Misslin
Democratic • Senate
Deb Patterson
Democratic • Senate
Floyd Prozanski
Democratic • Senate
Jeff Golden
Democratic • Senate
Lamar Wise
Democratic • House
Nathan Sosa
Democratic • House
Tom Andersen
Democratic • House
Wlnsvey Campos
Democratic • Senate
Cosponsors
David Gomberg
Democratic • House
Farrah Chaichi
Democratic • House
Janeen Sollman
Democratic • Senate
Jules Walters
Democratic • House
Kayse Jama
Democratic • Senate
Ken Helm
Democratic • House
Khanh Pham
Democratic • Senate
Lesly Muñoz
Democratic • House
Lew Frederick
Democratic • Senate
Mark Gamba
Democratic • House
Nancy Nathanson
Democratic • House
Susan McLain
Democratic • House
Thuy Tran
Democratic • House
Travis Nelson
Democratic • House
Zach Hudson
Democratic • House
Roll Call Votes
Senate vote • 3/5/2026
Motion to substitute Minority Report for Committee Report failed.
Yes: 12 • No: 18
Senate vote • 3/5/2026
Third reading. Carried by Neron Misslin, Campos. Passed.
Yes: 16 • No: 13
Senate vote • 3/5/2026
Motion to refer to Committee on Rules failed.
Yes: 12 • No: 17
Senate vote • 2/25/2026
Labor and Business: Heard and Reported Out
Yes: 3 • No: 2
House vote • 2/17/2026
Third reading. Carried by Sosa. Passed.
Yes: 31 • No: 24
House vote • 2/17/2026
Motion to substitute Minority Report for Committee Report failed.
Yes: 25 • No: 33
House vote • 2/10/2026
Commerce and Consumer Protection: Heard and Reported Out
Yes: 6 • No: 4
Actions Timeline
Chapter 113, (2026 Laws): Effective date June 5, 2026.
4/13/2026HouseGovernor signed.
4/7/2026HousePresident signed.
3/6/2026SenateSpeaker signed.
3/6/2026HouseMcLane, granted unanimous consent to change vote to nay.
3/5/2026SenateThird reading. Carried by Neron Misslin, Campos. Passed.
3/5/2026SenateMotion to refer to Committee on Rules failed.
3/5/2026SenateMotion to substitute Minority Report for Committee Report failed.
3/5/2026SenateSecond reading.
3/4/2026SenateMinority Recommendation: Do pass with amendments. (Printed A-Eng. Minority)
3/3/2026SenateRecommendation: Do pass.
3/3/2026SenatePublic Hearing and Work Session held.
2/25/2026SenatePublic Hearing held.
2/23/2026SenateReferred to Labor and Business.
2/19/2026SenateFirst reading. Referred to President's desk.
2/19/2026SenateVote explanation(s) filed by Levy E, Nguyen D.
2/17/2026HouseThird reading. Carried by Sosa. Passed.
2/17/2026HouseMotion to substitute Minority Report for Committee Report failed.
2/17/2026HouseSecond reading.
2/16/2026HouseMinority Recommendation: Do pass with amendments and be printed A-Engrossed.
2/13/2026HouseRecommendation: Do pass.
2/13/2026HouseWork Session held.
2/10/2026HousePublic Hearing held.
2/3/2026HouseReferred to Commerce and Consumer Protection.
2/2/2026HouseFirst reading. Referred to Speaker's desk.
2/2/2026House
Bill Text
Enrolled
3/5/2026
Minority Report #2 to A-Engrossed
3/3/2026
Senate Minority Amendments to Introduced
3/3/2026
SLB Amendment -3 (Proposed)
2/25/2026
SLB Amendment -MR4 (Proposed)
2/25/2026
House Minority Amendments to Introduced
2/13/2026
Minority Report A-Engrossed
2/13/2026
HCCP Amendment -1 (Proposed)
2/10/2026
HCCP Amendment -MR2 (Proposed)
2/10/2026
HCCP Amendment -1 (Proposed)
2/5/2026
Introduced
1/28/2026
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