HB4116 - Oregon Consumer Finance Loans Opt-Out Federal Law
Summary
Oregon Governor signed HB4116 on April 7, 2026, enacting state legislation that opts out of certain federal consumer finance provisions under the Depository Institutions Deregulation and Monetary Control Act of 1980. The bill establishes which Oregon consumer finance laws apply to lenders and specifies licensing application requirements for entities making consumer finance loans in the state. The law takes effect 91 days following legislative adjournment sine die.
What changed
HB4116 explicitly declares that Oregon does not want Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 to apply to consumer finance loans made in the state. The bill codifies the scope of Oregon's consumer finance laws — specifying to whom they apply and under what circumstances — and prescribes new application requirements for obtaining a consumer finance lender license.
Consumer finance lenders operating or planning to operate in Oregon must now ensure compliance with state-specific licensing and regulatory requirements, as federal opt-out provisions may no longer preempt state law. Affected entities should assess their current licensing status and prepare for potential new application requirements under the state's revised consumer finance regulatory framework.
What to do next
- Determine whether your organization requires an Oregon consumer finance lender license under HB4116
- Review updated state consumer finance law applicability requirements
- Monitor for Oregon licensing authority implementing rules and compliance deadlines
Archived snapshot
Apr 8, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Oregon / HB4116 Signed by Governor HB4116 House Bill Signed by Governor 2026-04-07
Relating to consumer finance loans; and prescribing an effective date.
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.
Bill Details
State Oregon
Session 2026 Legislative Measures
Chamber House
Official Source olis.oregonlegislature.gov/liz/2026R1/Meas...
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Sponsors
Nathan Sosa (Rep - D) Courtney Neron Misslin (Rep - D) Ben Bowman (Rep - D) Tom Andersen (Rep - D) Lamar Wise (Rep - D) Wlnsvey Campos (Rep - D) Jeffrey Golden (Sen - D) Deb Patterson (Sen - D) Floyd Prozanski (Sen - D) Farrah Chaichi (Rep - D) Mark Gamba (Rep - D) David Gomberg (Rep - D) Ken Helm (Rep - D) Zach Hudson (Rep - D) Susan McLain (Rep - D) Lesly Munoz (Rep - D) Nancy Nathanson (Rep - D) Travis Nelson (Rep - D) Thuy Tran (Rep - D) Jules Walters (Rep - D) Lew Frederick (Rep - D) Kayse Jama (Sen - D) Khanh Pham (Sen - D) Janeen Sollman (Rep - D)
Action History
2026-04-07 H Governor signed. 2026-03-06 S President signed. 2026-03-06 H Speaker signed. 2026-03-05 S McLane, granted unanimous consent to change vote to nay. 2026-03-05 S 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. 2026-03-05 S 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. 2026-03-05 S 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. 2026-03-04 S Second reading. 2026-03-03 S Minority Recommendation: Do pass with amendments. (Printed A-Eng. Minority) 2026-03-03 S Recommendation: Do pass. 2026-02-25 S Public Hearing and Work Session held. 2026-02-23 S Public Hearing held. 2026-02-19 S Referred to Labor and Business. 2026-02-19 S First reading. Referred to President's desk. 2026-02-17 H Vote explanation(s) filed by Levy E, Nguyen D. 2026-02-17 H 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. 2026-02-17 H 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. 2026-02-16 H Second reading. 2026-02-13 H Minority Recommendation: Do pass with amendments and be printed A-Engrossed. 2026-02-13 H Recommendation: Do pass. 2026-02-10 H Work Session held. 2026-02-03 H Public Hearing held. 2026-02-02 H Referred to Commerce and Consumer Protection. 2026-02-02 H First reading. Referred to Speaker's desk.
Votes
2026-02-10 House Committee Do Pass Yea: 6 Nay: 4 2026-02-17 House Motion to substitute Minority Report Yea: 25 Nay: 33 2026-02-17 House Third Reading Yea: 31 Nay: 24 2026-02-25 Senate Committee Do pass Yea: 3 Nay: 2 2026-03-05 Senate Motion to substitute Minority Report Yea: 12 Nay: 18 2026-03-05 Senate Motion to Refer Yea: 12 Nay: 17 2026-03-05 Senate Third Reading Yea: 17 Nay: 12
Committee Referrals
2026-02-02 H Commerce and Consumer Protection 2026-02-19 S Labor and Business
Amendments
2026-02-05 House Committee On Commerce and Consumer Protection Amendment #-1 2026-02-10 House Committee On Commerce and Consumer Protection Amendment #-1 2026-02-10 House Committee On Commerce and Consumer Protection Amendment #-MR2 2026-02-25 Senate Committee On Labor and Business Amendment #-3 2026-02-25 Senate Committee On Labor and Business Amendment #-MR4
Bill Text Versions
0000-00-00 Introduced 0000-00-00 Introduced 0000-00-00 Engrossed 0000-00-00 Introduced 0000-00-00 Engrossed 0000-00-00 Enrolled Legislative data powered by LegiScan (CC BY 4.0)
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