In a whirlwind legislative session that lasted three days, the Oregon Legislature enacted a bill on June 26, 2020 designed to give relief to homeowners and landlords hard hit by the Covid-19 crisis. The bill, HB 4204, has two primary components. First, it establishes a temporary moratorium on judicial and non-judicial foreclosure of any type of real estate secured loan.  The moratorium ends on September 30, 2020 unless the Governor extends it by executive order.  Second, if a borrower has suffered a financial setback due to the Covid-19 crisis, the lender must permit the borrower to defer payments that come due during the emergency period ending September 30, 2020 (unless the Governor extends the period).