Bill > HB3184

This bill modifies Oregon's homestead exemption law to replace a fixed $3,000 judgment threshold with a more flexible protection that aligns with the current homestead exemption amount. Specifically, the bill updates several statutes to prevent the sale of a homestead to satisfy a judgment that does not exceed the current homestead exemption value (which ranges from $40,000 to $150,000 depending on the type of debt). The changes allow homeowners greater protection from property seizure, ensuring that homes cannot be sold to satisfy relatively small judgments. The bill also maintains existing provisions that protect homesteads during temporary absences and allows for annual adjustments to the exemption amount based on changes in the Consumer Price Index. Additionally, the bill specifies that these amendments will apply only to judgments entered on or after the effective date of the law. The changes aim to provide more comprehensive protection for homeowners by tying the judgment threshold directly to the existing homestead exemption amounts, which can be adjusted annually to reflect cost of living changes.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3184