Oregon Law Restricting Use of Credit Passed

On March 29, 2010, Oregon Governor Kulongoski signed legislation (SB
1045) that specifically prohibits employers from using credit history in making hiring, discharge, promotion, and compensation decisions unless the applicant or employee is given advanced written notice and the credit history is substantially related to the position sought.  The legislation provides additional exceptions for financial institutions and public safety offices.  A link to the Bill is attached.

Although the proposed legislation was to be effective July 1, 2010, the Governor declared the legislation effective immediately.