2008 Senate Bill 1306 (Prohibit enforcement of residential loan contracts for two years )

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• Introduced by Sen. Hansen Clarke on May 7, 2008, to require courts to prohibit the foreclosure of a residential mortgage or land contract for two years if the borrower requests it, notwithstanding the provisions of any contract between the lender and borrower, or any obligations of the lender which may be dependent on the revenue from loan repayments or proceeds from the foreclosure and sale of the property .
  • Referred to the Senate Banking and Financial Institutions Committee on May 7, 2008.

Comments

Introduced by Sen. Hansen Clarke on May 7, 2008. New Comment