SB 651 Bill is: Similar to HB 1411 but without a moratorium
And here is what HB 1411 Bill:
HB 1411: Allows transfer of nonjudicial foreclosure cases into state court, alternative dispute resolution, enhanced notice to borrowers, fines for violations and a three-month moratorium on foreclosures.
Hat tip from Foreclosure Hamlet blog:
Here is the SB 651 Bill. Click here.
Netra Halperin called and alerted us that SB 651 just PASSED! We’re not sure of the effective date - may be as early as October 2011. We need to lobby hard to get it in play as soon as possible. It has some very good points and abolishes PART I (1874 version) altogether.
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