Introduced
by
To revise details of certain procedures, deadlines, authorized “housing counselors” and more in a 2009 law that requires lenders to attempt to negotiate revisions in the terms of loans held by delinquent borrowers, before they can proceed to a “foreclosure by advertisement” (instead of the more costly judicial foreclosure process). This bill authorizes criminal penalties for a “housing counselor” who is not on a list of lawyers approved by the state under this law.
Referred to the Committee on Banking and Financial Services
Reported without amendment
With the recommendation that the substitute (H-4) be adopted and that the bill then pass.
Referred to the Committee on Banking and Financial Services
Reported without amendment
With the recommendation that the substitute (H-6) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To strip out a provision extending the sunset of certain provisions of this law until 2015, and instead extend them one more year, until the end of 2012.
The amendment passed by voice vote
Amendment offered
by
To remove a provision revising a detail of the meetings with lenders, borrowers and "housing counselors" this law mandates.
The amendment passed by voice vote
Amendment offered
by
To eliminate the sunset on key provisions of this law.
The amendment failed by voice vote
Passed in the House 108 to 0 (details)
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Amendment offered
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The amendment passed by voice vote
Passed in the Senate 38 to 0 (details)
To revise details of certain procedures, deadlines, authorized “housing counselors” and more in a 2009 law that requires lenders to attempt to negotiate revisions in the terms of loans held by delinquent borrowers, before they can proceed to a “foreclosure by advertisement” (instead of the more costly judicial foreclosure process). This bill authorizes criminal penalties for a “housing counselor” who is not on a list of lawyers approved by the state under this law.
Passed in the House 107 to 0 (details)
To concur with the Senate-passed version of the bill.
