Introduced
To revise the law that permits a delinquent home borrower (mortgagor) to redeem the property for six months after a foreclosure auction by paying the loan in full. The bill would require the mortgagor to record his or her interest at the register of deeds office to be eligible to exercise the right of redemption.
Referred to the Committee on Financial Services
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 0 (details)
Referred to the Committee of the Whole
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
To revise the law that permits a delinquent home borrower (mortgagor) to redeem the property for six months after a foreclosure auction by paying the loan in full. The bill would require the mortgagor to record his or her interest at the register of deeds office to be eligible to exercise the right of redemption.
