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S05017 Summary:

BILL NOS05017A
 
SAME ASSAME AS A00092-A
 
SPONSORPARKER
 
COSPNSR
 
MLTSPNSR
 
Add §6-n, Bank L
 
Requires a bank or financial institution selling or transferring a mortgage during a modification process to provide the borrower with a written list of all documents relating to such application for modification that were provided to the bank or financial institution to which such mortgage was sold or transferred; and relates to the obligations of subsequent mortgage servicer shall assume all duties and obligations related to any previously approved first lien loan modification or other foreclosure prevention alternative.
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