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Oregon · 2025 Regular Session · Bill

HB 3188: Relating to guarantees against losses in mortgage loans extended to first-time home buyers; declaring an emergency.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 3188 is a bill introduced in the Oregon House on January 13, 2025. According to its official title, it concerns: Relating to guarantees against losses in mortgage loans extended to first-time home buyers; declaring an emergency. Primary sponsor: Ben Bowman (Democratic), April Dobson (Democratic), Vikki Breese Iverson (Republican), Hai Pham (Democratic). It lists 7 additional sponsors. Most recent recorded action (June 28, 2025): In committee upon adjournment.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Directs the [<i>Department of Consumer and Business Services</i>]<b> Housing and Community Services Department</b> to establish a program to guarantee against losses in mortgage loans that lenders extend to first-time home buyers. Specifies which mortgage loans qualify for the guarantee and the qualifications and duties of first-time home buyers. Specifies circumstances under which a lender may make a claim and documentation a lender must provide as support for the claim. Establishes the Welcome Home Assistance Program Fund and appropriates moneys in the fund to the department to carry out the purposes of the Act. Declares an emergency, effective on passage.

Sponsors

Sponsors by party (alphabetical): Democratic 8 · Republican 2

NameRolePartyChamberDistrict
Ben BowmanPrimary sponsorDemocraticHouse25
April DobsonPrimary sponsorDemocraticHouse39
Vikki Breese IversonPrimary sponsorRepublicanHouse59
Hai PhamPrimary sponsorDemocraticHouse36
Willy ChotzenCo-sponsorDemocraticHouse46
Christine DrazanCo-sponsorRepublicanSenate26
Lisa FragalaCo-sponsorDemocraticHouse8
Mark GambaCo-sponsorDemocraticHouse41
Cyrus JavadiCo-sponsorDemocraticHouse32
Hoa NguyenCo-sponsorNot applicable (committee)——
Sue Rieke SmithCo-sponsorDemocraticHouse26

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. In committee upon adjournment.
  2. Referred to Ways and Means by prior reference.
  3. Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means by prior reference.
  4. Work Session held.
  5. Public Hearing held.
  6. Referred to Housing and Homelessness by order of Speaker and then Ways and Means by prior reference.
  7. Without recommendation as to passage, be referred to Housing and Homelessness, and then to Ways and Means by prior reference.
  8. Work Session held.
  9. Referred to Commerce and Consumer Protection with subsequent referral to Ways and Means.
  10. First reading. Referred to Speaker's desk.

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source