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April 7, 2021

Oregon House passes new foreclosure moratorium

Associated Press

PORTLAND — A measure that would reinstate and extend Oregon's moratorium on foreclosures until Sept. 1 during the COVID-19 pandemic on Tuesday passed the state's House of Representatives.

Unlike the bill that was passed by lawmakers last June, the new legislation would not protect commercial property owners — those who own more than five properties or properties with more than four housing units. The moratorium would be retroactive back to Dec. 3 and could be extended until the end of 2021 by the governor.

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