Senate Passes Foreclosure Mediation Act Extension

posted by NewsRadio 920 -WHJJ -

(Providence, RI)  --  The state Senate is approving legislation to add five years to the life of an expiring law that affects homeowners facing foreclosure.  The bill, sponsored by Senator Harold Metts, extends a July 1st sunset provision in a 2013 law requiring mortgage lenders to offer mediation to those homeowners in an effort to prevent it.  The action on Wednesday comes just two days after Attorney General Peter Kilmartin held a press conference urging lawmakers to pass the extension.  The legislation moves to the House, where there is a companion bill.

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