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Bill > H2246


MA H2246

MA H2246
Resolve commission to study foreclosure mediation program


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

187th General Court

Bill Summary

By Mr. Murphy of Weymouth, a petition of James M. Murphy for an investigation by a special commission (including members of the General Court) on the viability of a foreclosure mediation program and the establishment and implementation of said program. The Judiciary.

AI Summary

This bill establishes a special commission to investigate and report on the feasibility of creating a Foreclosure Mediation Program, which would involve helping homeowners facing foreclosure and lenders reach agreements outside of court. The commission will also examine the possibility of judicial review of foreclosures in the Commonwealth, assess the need for foreclosure mediation, and set standards for consumer protection. Members of this commission will be appointed by the Speaker of the House, the Senate President, the Attorney General, and the State Banking Commissioner, and they are required to submit their findings and any proposed legislation by June 30, 2012.

Committee Categories

Justice

Sponsors (1)

Last Action

Accompanied a study order, see H4364 (on 07/31/2012)

bill text


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