2017 Senate Bill 518

Restrict foreclosure on farm loans

Introduced in the Senate

Sept. 6, 2017

Introduced by Sen. Wayne Schmidt (R-37)

To prohibit a person with a ‘security interest’ in the collateral of a delinquent farm loan from enforcing their interest without first engaging in a mediation process with the owner under terms specified in Senate Bills 516 and 517.

Referred to the Committee on Banking and Financial Institutions