Requires a mortgagor to provide notice of imminent foreclosure

Summary

The bill requires a property owner who has received a foreclosure notice to inform any current or prospective tenant of the imminent foreclosure before the tenant signs or renews a lease. It also mandates mailing the foreclosure summons and complaint at least two weeks in advance and imposes a $500 rent credit for each failure to disclose, in addition to any other legal remedies.

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

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