Bill Title: Enacts the "foreclosure prevention act of 2009"; establishes that before any mortgagee may accelerate the maturity of any eligible mortgage obligation, commence any legal action including mortgage foreclosure, or take possession of any security of the mortgage debtor for such mortgage obligation that such mortgagee shall give the mortgagor notice; authorizes the commissioner of the state division of housing and community renewal to enter into contracts with neighborhood preservation companies to provide temporary homeownership assistance activities; gives notice to mortgagors of foreclosure prevention activities and payments; creates the New York state foreclosure prevention fund.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2010-01-06 - referred to housing [A06670 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember Karim Camara [D]	Sponsor	Sponsored Bills	HD-043	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Nelson Castro [D]	Sponsor	Sponsored Bills	HD-086	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Barbara Clark [D]	Sponsor	Sponsored Bills	HD-033	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Scarborough [D]	Sponsor	Sponsored Bills	HD-029	FollowTheMoney	Ballotpedia	VoteSmart

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