SB 880

RELATING TO HOUSING MORTGAGES

By Senator(s) TAM

Report Title: Mortgage Foreclosure Actions

Description: Provides that if a mortgagee is not delinquent on a first mortgage, then no other mortgagor shall foreclose, but instead shall restructure the delinquent loan by extending the repayment period and reducing the interest rate.

 1-22-99        S Introduced and passed First Reading                         
 1-25-99        S Referred to CPN