DE SB42 | 2011-2012 | 146th General Assembly

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 18-9)
Status: Passed on September 21 2011 - 100% progression
Action: 2011-09-21 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]

Summary

Sections 1-8 of this Bill provide that the Mortgage Rescue Fraud Protection Act in 6 Del. C. Chapter 24B will protect homeowners 60 days in default on their mortgage loans. Currently the protections are in effect after an action for foreclosure is filed. Section 9 creates a registration requirement for Mortgage Loan Modification Companies that provide services to Delaware residents. Written contracts with disclosures are required and no fees can be collected in advance. The registration and renewal fees can be used to support foreclosure relief programs. The law is enforced by the Attorney General.

Tracking Information

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Title

An Act To Amend Title 6 Of The Delaware Code Relating To Foreclosure Consultants And Mortgage Modification Service Providers.

Sponsors


Roll Calls

2011-06-28 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2011-06-02 - Senate - Senate Third Reading (Y: 19 N: 0 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2011-09-21 Signed by Governor
2011-06-28 Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2011-06-15 Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 9 On Its Merits
2011-06-07 Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
2011-06-02 Passed by Senate. Votes: Passed 19 YES 0 NO 0 NOT VOTING 2 ABSENT 0 VACANT
2011-06-02 Amendment SA 1 - Passed by Senate. Votes: Passed 18 YES 0 NO 0 NOT VOTING 3 ABSENT 0 VACANT
2011-05-11 Reported Out of Committee (BANKING) in Senate with 5 On Its Merits
2011-05-10 Amendment SA 1 - Introduced and Placed With the Bill in Senate
2011-03-29 Assigned to Banking Committee in Senate

Delaware State Sources


Bill Comments

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