A Gordian Knot: Construction Lending and Oregon House Bill 2415
by Erich Paetsch, Chair, Financial Services Industry Group and Daniel Reynolds, Chair, Construction Industry Group In 2019 Oregon’s legislature explored a concern surrounding the availability of retainage payments required in construction contracts. Developers, general contractors, subcontractors, and others could not agree on all the details, but Oregon House Bill 2415 (“HB 2415”) was passed …