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Tag: foreclosure


Lack of signatures kills foreclosure bill

Sometimes the ayes don’t have it.

As the Senate Ways and Means Committee rushed to beat a deadline earlier this week for bills to advance,  it quickly approved Senate Bill 6648, aimed at reducing foreclosures by requiring large banks to enter mediation with homeowners before foreclosing. At least that’s what it sounded like the committee did.

There were a few “ayes” and at least one “no,” and Chairwoman Margarita Prentice declared the bill passed, moving it on to the Rules Committee.

But it was the end of the line for the bill.

Just four senators signed the majority report, not enough to give it a majority of the committee’s support.

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