Bill Title: Enacts the "foreclosure prevention act of 2009"; establishes that before any mortgagee may accelerate the maturity of any eligible mortgage obligation, commence any legal action including mortgage foreclosure, or take possession of any security of the mortgage debtor for such mortgage obligation that such mortgagee shall give the mortgagor notice; authorizes the commissioner of the state division of housing and community renewal to enter into contracts with neighborhood preservation companies to provide temporary homeownership assistance activities; gives notice to mortgagors of foreclosure prevention activities and payments; creates the New York state foreclosure prevention fund.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S01203 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Liz Krueger [D]	Sponsor	Sponsored Bills	SD-028	FollowTheMoney	Ballotpedia	VoteSmart
Senator George Onorato [D]	Sponsor	Sponsored Bills	SD-012	FollowTheMoney	Ballotpedia	VoteSmart
Senator Kevin Parker [D]	Sponsor	Sponsored Bills	SD-021	FollowTheMoney	Ballotpedia	VoteSmart
Senator Malcolm Smith [D]	Sponsor	Sponsored Bills	SD-014	FollowTheMoney	Ballotpedia	VoteSmart
Senator Antoine Thompson [D]	Sponsor	Sponsored Bills	SD-060	FollowTheMoney	Ballotpedia	VoteSmart

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