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Office of the Revisor of Statutes

SF 1276 Senate Long Description

3E Relating to real estate; requiring loss mitigation by mortgage lenders and servicers; modifying requisites for the foreclosure process by adding certain compliance requirements before the foreclosure sale; modifying certain requirements for form and delivery of a foreclosure advice notice; specifying certain duties of residential mortgage servicers relating to loss mitigation options and prohibiting dual tracking in mortgage foreclosure proceedings, defining certain terms and specifying applicability to certain first lien mortgages; expanding mortgage foreclosure sales validation requirements
(je)