2011 House Bill 5188

Cap foreclosed mortgage redemption calculation fee

Introduced in the House

Nov. 30, 2011

Introduced by Rep. Paul Opsommer (R-93)

To cap at $50 the amount that the purchaser of a foreclosed mortgage property can charge to calculate how much the delinquent borrower would have to pay to redeem the property within the statutory period of redemption.

Referred to the Committee on Banking and Financial Services