DE SB51 | 2009-2010 | 145th General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 14-3)
Status: Introduced on March 26 2009 - 25% progression, died in committee
Action: 2009-03-26 - Assigned to Banking Committee in Senate
Pending: Senate Banking Committee
Text: Latest bill text (Draft #1) [HTML]

Summary

This act requires certain mortgage lenders to provide a homeowner with a written notice, within 5 business days after the mortgage loan becomes 60 days delinquent, which provides the homeowner with important information about how to reinstate the loan. This act exempts state and federally chartered banks, their affiliates, and subsidiaries, as they are already subject to significant regulation of their mortgage practices. Author: Senator DeLuca

Tracking Information

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Title

An Act To Amend Title 10 Of The Delaware Code Relating To Courts And Judicial Procedure And Mortgages.

Sponsors


History

DateChamberAction
2009-03-26 Assigned to Banking Committee in Senate

Delaware State Sources


Bill Comments 750

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