2009 Senate Bill 350

Revise mortgage foreclosure redemption procedures

Introduced in the Senate

March 10, 2009

Introduced by Sen. Nancy Cassis (R-15)

To revise the law that prohibits a register of deeds from determining the amount necessary for a home loan borrower to redeem a foreclosed property during. The bill would reverse this (but only in Oakland, Macomb and Kent Counties), and allow the register of deeds to charge up to $50 for this.

Referred to the Committee on Banking and Financial Institutions

Dec. 17, 2009

Reported without amendment

With the recommendation that the substitute (S-3) be adopted and that the bill then pass.