2010 House Bill 5925

Revise delinquent mortgage renegotiation details

Introduced in the House

March 8, 2010

Introduced by Rep. Bert Johnson (D-5)

To revise the 2009 law that imposed new negotiation and “workout” attempt requirements on mortgage lenders seeking to foreclose on delinquent borrowers, by clarifying that the mortgage holder may designate an employee to attend the mandated meetings with the borrower.

Referred to the Committee on Banking and Financial Services