Oregon passed a bill repealing the requirement that a lender or servicer submit a Foreclosure Avoidance Measure Notice to the Department of Justice. Under Oregon’s Resolution Conference Program (aka Foreclosure Avoidance Program), if a lender or servicer determines that a borrower is not eligible for any foreclosure avoidance measure, or that the borrower has failed to comply with the terms of a previously agreed upon foreclosure avoidance measure, the lender or servicer must mail a Foreclosure Avoidance Measure Notice to the borrower and submit a copy of the Foreclosure Avoidance Measure Notice to the Department of Justice. Effective January 1, 2018, a lender or servicer is not longer required to submit a copy of the Foreclosure Avoidance Measure Notice to the Department of Justice.
See Oregon State Legislature website for the full text of the Statue
