2010 Senate Bill 1510

Revise mortgage foreclosure restrictions

Introduced in the Senate

Sept. 23, 2010

Introduced by Sen. Randy Richardville (R-17)

To revise details of notice requirements that lenders must give to delinquent mortgage borrowers under a state law that restricts foreclosures unless the lender offers certain “work-out” opportunities. Also, to repeal the sunset on some provisions of this law.

Referred to the Committee on Banking and Financial Institutions