Bill > S868

This bill proposes a two-year moratorium on non-judicial foreclosures of 1-6 unit residential properties that are the sole real property of the owner. It also requires pre-foreclosure mediation and judicial oversight of foreclosure proceedings. The bill establishes a Foreclosure Education Reform Review Task Force to examine the foreclosure process and consider reforms to the debt-based monetary system. The Division of Banks is tasked with reporting on various foreclosure-related metrics, and the courts are granted authority to modify mortgages or grant other appropriate relief to mortgagors.

Justice

https://malegislature.gov/Bills/191/S868