Real Property - Residential Foreclosures - Commencement Restrictions

Summary

The bill sets waiting periods before a lender may file a foreclosure action on residential property and creates a list of documents and disclosures that must accompany the filing. It applies to owners of homes with up to four units and to lenders or other secured parties seeking to foreclose. By tightening timelines and transparency, the measure aims to give homeowners more protection and information before losing their homes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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