Bill

Bill > H1482


MA H1482

Relative to a jubilee foreclosure moratorium


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish a two-year moratorium on the non-judicial foreclosures. The Judiciary.

AI Summary

This bill establishes a two-year moratorium on non-judicial foreclosures of 1-6 unit residential properties that are the sole real property of their owners. The moratorium can be renewed for up to ten years if certain criteria related to predatory and questionable foreclosures are met. The bill also modifies the judicial foreclosure process, requiring additional notice and service requirements, allowing homeowners to raise more defenses, and mandating pre-foreclosure mediation. Additionally, the bill creates a Foreclosure Education Reform Review Task Force to examine the foreclosure process and the monetary system more broadly.

Committee Categories

Justice

Sponsors (2)

Last Action

Accompanied a study order, see H5081 (on 11/12/2020)

bill text


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