Marian McLawhorn voted Yea (Passage With Amendment) on this Legislation.
Title: Extending the Emergency Foreclosure Program
Signed by Governor Bev Perdue
Title: Extending the Emergency Foreclosure Program
Vote to pass a bill that amends and extends the Emergency Foreclosure program concerning state lending laws.
-Requires mortgage services to send written notice by mail to the last known address of the borrower at least 45 days before a notice of hearing is filed to initiate foreclosure proceedings, to inform them of the availability of resources that might provide assistance against foreclosure, including, but not limited to, the following (Sec. 1). -Establishes the State Home Foreclosure Prevention Trust Fund for the operation of the State Home Foreclosure Prevention Project whose purpose is to seek solutions to avoid foreclosures for home loans (Sec. 1). - Requires the Commissioner of Banks to allocate funds from the State Home Foreclosure Prevention Trust Fund to implement aims, as follows (Sec. 1):
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Title: Extend Emergency Foreclosure Program
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.