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]
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.
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]
2011-06-02 - Senate - Senate Third Reading (Y: 19 N: 0 NV: 0 Abs: 2) [PASS]
History
Date | Chamber | Action |
---|---|---|
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 |