2009 Senate Bill 29

Prohibit enforcement of residential tax foreclosures for two years

Introduced in the Senate

Jan. 28, 2009

Introduced by Sen. Hansen Clarke (D-1)

To require courts to prohibit the foreclosure of a residential mortgage or land contract for two years if the borrower requests it, notwithstanding the provisions of any contract between the lender and borrower, or any obligations of the lender which may be dependent on the revenue from loan repayments or proceeds from the foreclosure and sale of the property.

Referred to the Committee on Banking and Financial Institutions