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A07277 Summary:

BILL NO    A07277 

SAME AS    No same as 

SPONSOR    Brennan (MS)

COSPNSR    Scarborough, Jacobs, Millman, Dinowitz, Benedetto, Stevenson, Colton,
           Galef, Jaffee, Zebrowski, Roberts, Barron, Robinson, Castro, Gibson,
           Markey, Weprin, Hooper

MLTSPNSR   Abinanti, Gabryszak, Glick

Amd S1303, add S1308, RPAP L; amd S14, Bank L; amd S1456, Tax L

Provides for mediation in foreclosure actions for fundamentally unaffordable
mortgage loans, provides for a tax credit for banks that renegotiate loans;
directs the banking board to promulgate rules and regulations further defining
mediation requirements.
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