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Committee advances expansion of foreclosure mediation program and new fee; committee rejects some amendment changes
Summary
The House Housing Committee voted to report Engrossed Second Substitute Senate Bill 5686, which expands the state foreclosure mediation program and includes a contested $80 foreclosure prevention charge intended to fund counseling and program operations.
Engrossed Second Substitute Senate Bill 5686, which expands the foreclosure mediation program and proposes a new funding mechanism, was reported out of the House Housing Committee on March 26 after extended debate and multiple amendment attempts.
Staff summarized extensive changes in the committee packet, including a striking amendment and several amendments to that striker. The striking amendment revised the meet-and-confer process, clarified that an $80 foreclosure prevention fee would apply to each residential…
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