2017 Senate Bill 517

Restrict foreclosure on farm loans

Introduced in the Senate

Sept. 6, 2017

Introduced by Sen. Wayne Schmidt (R-37)

To prescribe procedures for owners or lenders under the proposal in Senate bill 516 to prohibit foreclosing on a delinquent farm loan without first engaging in a mediation process with the owner.

Referred to the Committee on Banking and Financial Institutions