Bill
Bill > H1355
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
187th General Court
Bill Summary
Relative to establishing mandatory foreclosure mediation with judicial review. The Judiciary.
AI Summary
This bill establishes the Massachusetts Foreclosure Mediation Program (MFMP) and mandates its use before a lender can proceed with foreclosure on residential properties. The Attorney General will create and oversee this program, setting standards for mediators and ensuring that borrowers are notified of their right to participate in mediation, which offers a chance to negotiate alternatives to foreclosure, such as loan modifications, with the help of a neutral mediator. If mediation is unsuccessful, the lender must then seek court permission to foreclose, and the borrower can raise defenses in court. The bill also outlines requirements for lenders to act in good faith during mediation, including reviewing the borrower's financial situation and providing necessary documentation, with failure to comply serving as a defense against foreclosure.
Committee Categories
Justice
Sponsors (40)
Vincent Pedone (D)*,
Denise Andrews (D),
Cory Atkins (D),
Ruth Balser (D),
Richard Bastien (R),
Jennifer Benson (D),
John Binienda (D),
Will Brownsberger (D),
Tony Cabral (D),
Christine Canavan (D),
Harriette Chandler (D),
Cheryl Coakley-Rivera (D),
Paul Donato (D),
James Dwyer (D),
Christopher Fallon (D),
Gloria Fox (D),
John Fresolo (OTHER),
Anne Gobi (D),
Jonathan Hecht (D),
Carlos Henriquez (D),
Kay Khan (D),
Peter Kocot (D),
Robert Koczera (D),
John Mahoney (D),
Elizabeth Malia (D),
Mike Moore (D),
Jim O'Day (D),
Sarah Peake (D),
Denise Provost (D),
Angelo Puppolo (D),
Byron Rushing (D),
Tom Sannicandro (D),
John Scibak (D),
Carl Sciortino (D),
Karen Spilka (D),
Ellen Story (D),
David Sullivan (D),
Timothy Toomey (D),
Martin Walsh (D),
Martha Walz (D),
Last Action
Accompanied a study order, see H4364 (on 07/31/2012)
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 | http://www.malegislature.gov/Bills/187/House/H1355 |
| State Bill Page | https://malegislature.gov/Bills/187/H1355 |
| Bill | https://malegislature.gov/Bills/PDF?billId=12538&generalCourtId=1 |
| Bill | https://malegislature.gov/Bills/BillHtml/12538?generalCourtId=1 |
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