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2017 Senate Bill 635: Cap foreclosed mortgage redemption calculation fee
Introduced by Sen. Vincent Gregory (D) on October 18, 2017
To cap at $100 the amount that the purchaser of a foreclosed mortgage property can charge to calculate how much the delinquent borrower would have to pay to redeem the property within the statutory period of redemption.   Official Text and Analysis.
Referred to the Senate Banking and Financial Institutions Committee on October 18, 2017
Reported in the Senate on December 6, 2017
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed 34 to 2 in the Senate on June 12, 2018.
    See Who Voted "Yes" and Who Voted "No".
To cap at $200 the amount that the purchaser of a foreclosed mortgage property can charge to calculate how much the delinquent borrower would have to pay to redeem the property within the statutory period of redemption.
Received in the House on June 12, 2018
Referred to the House Financial Services Committee on June 12, 2018

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