Stays of Mortgage Foreclosure Proceedings against Military Service Members
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Sunday, December 5, 2010 at 11:00 PMStays of Mortgage Foreclosure Proceedings against Military Service Members SSL Draft
Summary:
This Act enables a court to stay mortgage foreclosure proceedings against members of the military under certain conditions. It also invalidates a foreclosure by advertisement or the sale of mortgaged property of members of the military under certain conditions. It prohibits a person from selling or foreclosing real estate owned by members of the military if the person knew the foreclosure or sale was invalid, and prescribes a civil fine of $2,000 for a violation. The Act directs the Attorney General to deposit such fines in a Military Family Relief Fund established under state law.
Submitted as:
Michigan
Status: Enacted into law in 2008.
Tags:
2012 SSL Volume
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