Introduced
by
To revise details of certain procedures, deadlines 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).
Referred to the Committee on Banking and Financial Services
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Amendment offered
by
To revise certain details related to foreclosures of agricultural property.
The amendment passed 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 bill pass.
Amendment offered
by
To increase the period during which certain delinquent borrowers who are elderly can pay-off the debt on a foreclosed home and get it back.
The amendment failed 18 to 20 (details)
Passed in the Senate 38 to 0 (details)
To revise details of certain procedures, deadlines 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).
