AN ACT CONCERNING THE DELIVERY OF MORTGAGE MODIFICATIONS UNDER THE EZEQUIEL SANTIAGO FORECLOSURE MEDIATION PROGRAM.
To: (1) Require a mortgagee that agrees to modify a mortgage pursuant to the Ezequiel Santiago Foreclosure Mediation Program to deliver such modification to the mortgagor at least fifteen business days prior to the first payment due date under such modification; (2) provide that the failure to timely deliver a modification shall constitute grounds for a court to order certain relief; and (3) provide that any failure to reissue or otherwise correct a modification may constitute (A) a defense to a foreclosure action, and (B) an unfair trade practice.
Introduced by:
Banking Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Committee Bill [doc] | |
| Proposed Bill [doc] |
Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 3/2/2023 | Referred to Joint Committee on Banking | ||
| 3/1/2023 | Drafted by Committee | ||
| 2/14/2023 | (BA) | Vote to Draft | |
| 2/6/2023 | Public Hearing 02/10 | ||
| 1/24/2023 | (BA) | Reserved for Subject Matter Public Hearing | |
| 1/12/2023 | Referred to Joint Committee on Banking |
Co-sponsors of HB-5207
Rep. Brian Lanoue, 45th Dist.
Rep. Anthony L. Nolan, 39th Dist.
Rep. Tom Delnicki, 14th Dist.
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