HB 4116: Relating to consumer finance loans; and prescribing an effective date.
HB 4116 status: Introduced — Chapter 113, (2026 Laws): Effective date June 5, 2026 (updated Apr 13, 2026).
What this bill does
Overall score
Bill summary
OfficialDeclares 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 a...
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental benefit identified
Risks
- No direct environmental risk identified
Economy
Benefits
- Strengthens state usury protections for residents
- Increases regulatory oversight of consumer lenders
Risks
- Potential reduction in availability of certain high-risk credit products
- Higher compliance costs for financial institutions operating in Oregon
Society
Benefits
- Prevents predatory lending practices by opting out of federal rate preemption
- Centralizes consumer protection authority under state law
Risks
- Possible reduction in short-term credit access for underbanked populations
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis based on abstract; full regulatory text for new licensing requirements not reviewed
Where it stands
Introduced
CurrentChapter 113, (2026 Laws): Effective date June 5, 2026.
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
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