Legislation · Oregon · 2025R1
SB 102: Relating to Federal Home Loan Banks; and declaring an emergency.
Summary
Provides that a court may not stay or prohibit a Federal Home Loan Bank from exercising rights to collateral pledged by an insurer-member that is subject to a delinquency proceeding. Requires a receiver to comply with provisions of this Act with respect to claims against the insurer-member. Requires a Federal Home Loan Bank that exercises a right to collateral to repurchase any outstanding capital stock that exceeds the amount of Federal Home Loan Bank stock that the insurer-member must hold as a minimum investment, subject to certain determinations. Prohibits a receiver from voiding the transfer of, or obligation to transfer, moneys or property under the terms of a Federal Home Loan Bank security agreement. Declares an emergency, effective on passage.
Latest recorded action
Effective date, May 19, 2025.
Jun 6, 2025
This is the latest action supplied by the source, not the full legislative history.
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