An Act To Clarify the Requirements for Notice of the Right To Cure a Mortgage Default
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 14 MRSA §6111, sub-§1-A, ¶¶B, F and G, as enacted by PL 2009, c. 402, §11, are amended to read:
B. An itemization of all past due amounts causing the loan to be in default and the total amount due to cure the default;
F. The name, address, telephone number and other contact information for all counseling agencies approved by the United States Department of Housing and Urban Development operating to assist mortgagors in the State to avoid foreclosure; and
G. Where mediation is available as set forth in section 6321-A, a statement that a mortgagor may request mediation to explore options for avoiding foreclosure judgment . ; and
Sec. 2. 14 MRSA §6111, sub-§1-A, ¶H is enacted to read:
H. A statement that the total amount due does not include any amounts that become due after the date of the notice.
Effective 90 days following adjournment of the 127th Legislature, First Regular Session, unless otherwise indicated.