In response to the effects of the COVID-19 pandemic, the Oregon legislature enacted House Bill 4204, dated July 7 and effective June 30, establishing temporary restrictions on commercial and residential lenders from the exercise of certain remedies through, at the earliest, Sept. 30, 2020. While the restrictions are currently slated to expire on Sept. 30, Gov. Kate Brown has the option to further extend the "emergency period," which dates retroactively to March 8, 2020, beyond this date.