To mandate that before initiating “foreclosure by advertisement” proceedings, a mortgage lender or servicer must send a notice to the borrower, and if the borrower chooses to try to renegotiate the loan, prohibit the lender for proceeding with the foreclosure by advertisement for 90 days.
30 Yeas / 7 Nays | |
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Democrat (9 Yeas / 7 Nays) | |
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