Introduced
by
To restrict judges from imposing “deficiency judgments” on residential mortgage foreclosures, which make the debtor liable for full payment of “underwater” mortgages, in which the value of the property when sold does not equal the amount owed on the mortgage.
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the bill be referred to the Committee on Banking and Financial Institutions.
Referred to the Committee on Banking and Financial Institutions
