An Act temporarily protecting recently widowed spouses from foreclosure
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill temporarily protects recently widowed spouses from foreclosure proceedings. It aims to provide a delay in foreclosure actions following the death of a borrower, specifically when the borrower was a widow or widower. The goal is to offer these individuals additional time to navigate the loss and manage their finances. The bill was referred to the committee on Financial Services and subsequently reported favorably.
Key provisions
- Mortgage lenders must delay foreclosure proceedings after the death of a borrower.
- The delay applies specifically to recently widowed spouses.
- The bill provides a temporary protection against foreclosure.
- The bill was referred to the House Committee on Financial Services.
- The bill was reported favorably by the committee.
- The bill was ordered to a third reading in the House.
- Rules were suspended to allow for a third reading.
- A hearing was scheduled and subsequently rescheduled.
Who is affected
- Recently widowed spouses
- Mortgage lenders
- Homeowners facing foreclosure
Notable changes
- Provides a temporary delay in foreclosure proceedings for recently widowed spouses.
- Addresses the unique financial challenges faced by widows and widowers after a spouse’s death.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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