2011 House Bill 4651

Authorize mortgage contract modifications

Introduced in the House

May 17, 2011

Introduced by Rep. Jim Ananich (D-49)

To give state courts the power to modify the contractual terms of a mortgage on a one-to-four unit residential property in favor of the borrower and against the lender. Also, to prohibit any mortgage modification that would affect the rights of tenants.

Referred to the Committee on Banking and Financial Services