Senate passes bill to align state law with Federal Home Loan Bank collateral rules
Senate Bill 102 passed on final reading to clarify how collateral is treated for loans to insurance company members of the Federal Home Loan Bank System and to create parity with federal law governing depository institutions.
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The Oregon Senate passed Senate Bill 102 on third reading March 10, 2025. Sponsor Sen. McLean said the bill harmonizes state and federal law on the treatment of collateral for loans made through the Federal Home Loan Bank (FHLB) System, allowing Oregon insurance-company members to borrow on terms more comparable to banks and credit unions.
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