Amendment ID: S1981-8-R1

Redraft Amendment 8

Requiring Notification

Ms. Chandler moves to amend the bill by inserting after section 3 the following section:-

“SECTION 3A. The attorney general, in collaboration with the commissioner of banks, shall work with stakeholders participating in the foreclosure industry and stakeholders participating in foreclosure prevention, reduction or education programs to provide notification of the effects of this act to homeowners facing foreclosure and homeowners who were foreclosed upon.  For the purposes of this section “stakeholders” shall include, but not be limited to, participants in the attorney general’s HomeCorps program, grant recipients receiving funding to complement the goals of the HomeCorps program, entities providing information to the division of banks to maintain the foreclosure database,  consumer assistance providers at the division of banks’ foreclosure hotline, foreclosure assistance providers referred by the division of banks and participants in the Pro Bono Foreclosure Assistance Hotline.  Notification efforts shall include, and may be limited to, providing notice of the effects of this act on a website operated or maintained by the attorney general and the division of banks.

The attorney general shall report to the clerks of the senate and house of representatives not later than December 1, 2016 detailing notification efforts and the implementation of this section.”