2017 Senate Bill 516

Restrict foreclosure on farm loans

Introduced in the Senate

Sept. 6, 2017

Introduced by Sen. Wayne Schmidt (R-37)

To prohibit a lender or land contract holder from foreclosing on a delinquent farm loan without first engaging in a mediation process with the owner under terms specified in this bill and Senate Bill 517.

Referred to the Committee on Banking and Financial Institutions