HB4116Introduced in the House
Relating to consumer finance loans; and prescribing an effective date.
Introduced by Nathan Sosa, District 30
What does this bill do?
Plain-English breakdown
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Official description
Declares that this state does not want a certain federal law to apply to consumer finance loans made in this state. Says who the laws that govern consumer finance loans in this state apply to and when. Says what needs to be in an application for a license to make consumer finance loans in this state. (Flesch Readability Score: 73.0). Declares that this state does not want the amendments set forth in section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 to apply to consumer finance loans made in this state. Specifies persons to whom the consumer finance laws of this state apply and circumstances in which the laws apply. Specifies the requirements for an application for a license to make consumer finance loans in this state. Takes effect on the 91st day following adjournment sine die.
Where it stands
Chapter 113, (2026 Laws): Effective date June 5, 2026.
April 13, 2026
How did lawmakers vote?
House votes
3 recorded votes · each counted separately
Senate votes
4 recorded votes · each counted separately
SenateStage: Senate Third Reading · March 5, 2026
17
Yes
12
No
1
Absent or Not Voting
30 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| David Smith | 1 | No |
| Noah Robinson | 2 | No |
| Jeffrey Golden | 3 | Yes |
| Floyd Prozanski | 4 | Yes |
| Richard Anderson | 5 | No |
| Cedric Hayden | 6 | No |
| James Manning | 7 | Yes |
| Sara Gelser Blouin | 8 | Yes |
| Fred Girod | 9 | No |
| Deb Patterson | 10 | Yes |
Bill history
First reading. Referred to Speaker's desk.
Referred to Commerce and Consumer Protection.
Public Hearing held.
Work Session held.
Recommendation: Do pass.
Minority Recommendation: Do pass with amendments and be printed A-Engrossed.
Second reading.
Motion to substitute Minority Report for Committee Report failed. Ayes, 25; Nays, 33--Andersen, Bowman, Chaichi, Chotzen, Dobson, Fragala, Gamba, Gomberg, Grayber, Helm, Hudson, Isadore, Javadi, Kropf, Lively, Marsh, McDonald, McLain, Munoz, Nathanson, Nelson, Nguyen D, Nosse, Pham H, Rieke Smith, Ruiz, Sanchez, Sosa, Tran, Walters, Watanabe, Wise, Speaker Fahey; Excused, 2--Lewis, Valderrama.
Third reading. Carried by Sosa. Passed. Ayes, 31; Nays, 24--Boice, Boshart Davis, Breese-Iverson, Bunch, Cate, Diehl, Edwards, Elmer, Levy E, Lively, Mannix, McIntire, Nguyen D, Osborne, Owens, Pham H, Reschke, Rieke Smith, Scharf, Skarlatos, Smith G, Wallan, Wright, Yunker; Excused, 2--Lewis, Valderrama; Excused for Business of the House, 3--Harbick, Helfrich, Levy B.
Vote explanation(s) filed by Levy E, Nguyen D.
First reading. Referred to President's desk.
Referred to Labor and Business.
Public Hearing held.
Public Hearing and Work Session held.
Recommendation: Do pass.
Minority Recommendation: Do pass with amendments. (Printed A-Eng. Minority)
Second reading.
Motion to substitute Minority Report for Committee Report failed. Ayes, 12; Nays, 18--Broadman, Campos, Frederick, Gelser Blouin, Golden, Gorsek, Jama, Lieber, Manning Jr, Meek, Neron Misslin, Patterson, Pham, Prozanski, Reynolds, Sollman, Taylor, President Wagner.
Motion to refer to Committee on Rules failed. Ayes, 12; Nays, 17--Broadman, Campos, Frederick, Gelser Blouin, Golden, Gorsek, Jama, Lieber, Manning Jr, Neron Misslin, Patterson, Pham, Prozanski, Reynolds, Sollman, Taylor, President Wagner; Excused, 1--Meek.
Third reading. Carried by Neron Misslin, Campos. Passed. Ayes, 16; Nays, 13--Anderson, Drazan, Girod, Hayden, Lieber, Linthicum, McLane, Nash, Robinson, Smith DB, Starr, Thatcher, Weber; Excused, 1--Meek.
McLane, granted unanimous consent to change vote to nay.
Speaker signed.
President signed.
Governor signed.
Chapter 113, (2026 Laws): Effective date June 5, 2026.
Verify the information
- Official page on the Oregon Legislature website
- House Committee On Commerce and Consumer Protection Amendment #-1 (amendment)
- House Committee On Commerce and Consumer Protection Amendment #-1 (amendment)
- House Committee On Commerce and Consumer Protection Amendment #-MR2 (amendment)
- Senate Committee On Labor and Business Amendment #-3 (amendment)
- Senate Committee On Labor and Business Amendment #-MR4 (amendment)
- Open Government Impact (supplement)
- Preliminary SMS (supplement)
- Revenue Impact (supplement)
- Witness Registration (supplement)
- Fiscal Impact (supplement)
- Preliminary SMS (supplement)
- Fiscal Impact Statement (supplement)
- Revenue Impact Statement (supplement)
- Fiscal Impact Statement (supplement)
- Revenue Impact Statement (supplement)
- Preliminary SMS (supplement)
- Fiscal Impact (supplement)
- Staff Summary (supplement)
- Fiscal Impact (supplement)
- Staff Summary (supplement)
- Revenue Impact (supplement)
- Staff Summary (supplement)
- Open Government Impact (supplement)
- Revenue Impact Statement (supplement)
- Fiscal Impact Statement (supplement)
- Preliminary SMS (supplement)
- Preliminary SMS (supplement)
- Witness Registration (supplement)
- Meeting Material (supplement)
- Revenue Impact Statement (supplement)
- Fiscal Impact Statement (supplement)
- Preliminary SMS (supplement)
- Meeting Material (supplement)
- Preliminary SMS (supplement)
- Witness Registration (supplement)
- Revenue Impact (supplement)
- Fiscal Impact (supplement)
- Fiscal Impact (supplement)
- Fiscal Impact (supplement)
- Staff Summary (supplement)
- Staff Summary (supplement)
- Staff Summary (supplement)
- Introduced (text)
- Introduced (text)
- Engrossed (text)
- Introduced (text)
- Engrossed (text)
- Enrolled (text)
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