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.
