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Legislation watch

2013 House Bill 4800: Empower courts to modify certain mortgage contracts
  1. Introduced by Rep. Andy Schor (D) on June 4, 2013, to give courts the power to modify the contractual terms of a delinquent mortgage on an owner-occupied 1-to-4 unit residential property, if a court determines the lender has engaged in certain inappropriate actions specified in the bill.   Full Text and Analysis.
    • Referred to the House Financial Services Committee on June 4, 2013.