To mandate that before initiating “foreclosure by advertisement” proceedings, a mortgage lender or servicer must send a notice to the borrower, and if the borrower chooses to try to renegotiate the loan, prohibit the lender for proceeding with the foreclosure by advertisement for 90 days.
29 Yeas / 8 Nays | |
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Democrat (8 Yeas / 8 Nays) | |
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