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S09309 Summary:
| BILL NO | S09309A |
| SAME AS | SAME AS A09554-B |
| SPONSOR | BRISPORT |
| COSPNSR | SALAZAR |
| MLTSPNSR | |
| Add §595-d, Bank L | |
| Enacts the "deed protection act" in relation to prohibiting a mortgage banker or mortgage loan servicer from commencing, maintaining, or proceeding with a foreclosure action on a mortgage loan where such mortgage banker or mortgage loan servicer knows or has reason to know that the mortgage securing such loan is dependent on a deed, conveyance, or other instrument affecting title to residential real property that was procured by fraud, forgery, or other unlawful means. | |