To extend until June 30, 2014 the sunset on a <a href="http://www.michiganvotes.org/2009-HB-4453">2009 law</a> that forces mortgage lenders to attempt to negotiate revisions in the terms of delinquent loans before they can proceed to a “foreclosure by advertisement” (instead of the more costly judicial foreclosure process). This would be the second time this “temporary” law has been extended.
35 Yeas / 3 Nays | |
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Democrat (9 Yeas / 3 Nays) | |
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