Introduced by Sen. Mike Nofs R-Battle Creek on May 22, 2013
To extend until June 30, 2014 the sunset on a 2009 law that forces mortgage lenders to attempt to negotiate revisions in the terms of delinquent loans before they can proceed to a “foreclosure by advertisement” (instead of the more costly judicial foreclosure process). This would be the second time this “temporary” law has been extended. Official Text and Analysis.
Referred to the Senate Banking and Financial Institutions Committee on May 22, 2013
Reported in the Senate on May 28, 2013
With the recommendation that the bill pass.
Amendment offered by Sen. Darwin Booher R-Evart on June 11, 2013
To remove the "tie-bar" that requires some related bills to go into law before this one can.
The amendment passed by voice vote in the Senate on June 11, 2013