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OR HB3184
Bill
Status
Failed
6/27/2025
Primary Sponsor
Nathan Sosa
Click for details
AI Summary
- Prohibits the forced sale of a homestead to satisfy a judgment when the judgment amount does not exceed the homestead exemption ($150,000 for most debts, or $300,000 combined for two or more household members)
- Replaces the previous $3,000 threshold for blocking homestead sales with the full homestead exemption amount, significantly increasing protection for homeowners
- Maintains a lower $40,000 homestead exemption (or $50,000 combined) for debts arising from child support, spousal support, or restitution judgments
- Updates required court notice forms to reflect the new exemption thresholds for sheriff's sale hearings
- Applies to judgments entered on or after the effective date of the 2025 Act
Legislative Description
Relating to the homestead exemption.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Commerce and Consumer Protection1/17/2025
Full Bill Text
No bill text available