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A07277 Summary:

BILL NOA07277
 
SAME ASNo same as
 
SPONSORBrennan (MS)
 
COSPNSRScarborough, Jacobs, Millman, Dinowitz, Benedetto, Stevenson, Colton, Galef, Jaffee, Zebrowski, Roberts, Barron, Robinson, Castro, Gibson, Markey, Weprin, Hooper
 
MLTSPNSRAbinanti, 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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