Christian over at Pacific Home Funding forwarded the email below.

Although the Oregon Congress will remain in session through Friday June 29th, Senate Bill 965 has died. I don’t know the entire story behind why, but this is good news for the vast majority of mortgage brokers.

For those brokers that give the business a bad name, the State is now actively enforcing existing laws. Better enforcement and current market forces will help to cleanse the industry of a few bad apples.

I would personally like to thank all of you for your help and support in defeating SB 965. The Oregon Legislature adjourned earlier today and the bill has been defeated.

If you can muster up support with your staff one more time, please have them send “thank you” emails to their state representatives for all the hard work they did this year. Personally thank them for their “No” vote against SB 965.

Now the real work begins. We showed the state that we take our professions seriously. Now we need everyone to go to our website http://ocmo.biz/join_today.htm, print off a membership form, fill it out & send it in.

Again, Thank You for your hard work on this issue.

Sincerely,
Bill Ridge
President
OCMO

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