summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/191/H1482 |
Bill | https://malegislature.gov/Bills/191/H1482.pdf |
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