An Act To Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures
Maine Legislature, Session 124, LD 1418
Committee Amendment CA_A-HA_A_H547 (House)
Amends: 9-B MRSA §162

HOUSE AMENDMENT" /I" to COMMITTEE AMENDMENT "A" to H.P. 994, 
L.D. 1418, Bill, "An Act To Preserve Home Ownership and Stabilize the Economy by 
Preventing Unnecessary Foreclosures" 
Amend the amendment by striking out all of section 8 (page 3, lines 27 to 30 in 
amendment) and insetting the following: 
'Sec. 8. 9-B MRSA §162, sub-§7 is enacted to read: 
7. Disclosure of notice of mOI'tgagor's right to cure. The financial records petiain 
to a notice of motigagor's right to cure and are disclosed to the Bureau of Consumer 
Credit Protection pursuant to Title 14, section 6111, subsection 3-A.' 
Amend the amendment in section 15 in §6112 in subsection 3 in the 3rd line (page 6, 
line 30 in amendment) by striking out the following: 
"one form" and insetiing the 
following: 'a one-page form notice' 
Amend the amendment in section 18 in §6321 ~A in subsection 2 in the 3rd line (page 
9, line 15 in amendment) by inserting after the following: "units" the following: 'that is 
the primaty residence of the owner-occupant' 
Amend the amendment in section 18 in §6321-A in subsection 3 in the 4th line (page 
9, line 33 in amendment) by inserting afier the following: "units" the following: 'that is 
the primaty residence of the owner-occupant' 
Amend the amendment in section 18 in §6321-A in subsection 10 by striking out all 
of the 2nd sentence (page II, lines 8 to II in amendment) and insetting the following: 
'The cOUli may in its discretion require mediation for an owner-occupied residential 
property that is the primary residence of the owner-occupant and that is in the foreclosure 
process but not scheduled for sale before Januaty I, 20 I 0 and an owner-occupied 
residential property with no more than 4 units that is the primaty residence of the owner-
occupant and that is scheduled for sale before that date.' 
Amend the amendment by insetting after section 24 the following: 
'Sec. 25. Report on foreclosure mediation program. Before February 15, 
2013, the Supreme Judicial COUlt shall repOlt to the joint standing committee of the 
Legislature having jurisdiction over insurance and financial services matters on the 
foreclosure mediation program established pursuant to the Maine Revised Statutes, Title 
Page I - 124LR1678(04)-1 
HOUSE AMENDMENT 
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HOUSE AMENDMENT "I/, to COMMITTEE AMENDMENT "A" to /-J,P. 994, L.D. 1418 
14, section 6321-A. The court shall report on the performance of the program, including 
the number of foreclosure filings and foreclosure judgments and the number of 
foreclosure mediations and the results of the mediation process to the extent the court has 
available information. The court may consult with the Department of Professional and 
Financial Regulation, Bureau of Consumer Credit Protection in gathering information. for 
the report required by this section. 
The court shall also recommend changes to the 
foreclosure mediation program, including whether the program should be modified, 
continued or repealed. 
The joint standing committee of the Legislature having 
jurisdiction over insurance and financial services matters may report out a bill to the First 
Regular Session of the 
126th Legislature based 
on 
the com1's 
report and 
recommendations.' 
Amend'the amendment by relettering or renumbering any nonconsecutive Part letter 
or section number to read consecutively. 
SUMMARY 
This amendment does the following: 
1. It corrects a technical error; 
2. 
It clarifies that the foreclosure mediation program applies to owner-occupied 
residential property with no more than 4 units that is the primary residence of the owner-
occupant; 
3. It requires the Maine Supreme Judicial C01I11 to submit a report by February 15, 
2013 evaluating the foreclosure mediation program. The amendment requires the court to 
report on the number of foreclosure mediations conducted and the results of foreclosure 
mediation and make recommendations as to whether the foreclosure mediation program 
should be modified, continued or repealed. The amendment authorizes the joint standing 
committee of the Legislature having jurisdiction over insurance and financial services 
matters to repOli out a bill based on the report to the First Regular Session of the 126th 
Legislature; and 
4. The amendment also fixes a subsection number to have the subsection numbers 
read consecutively with existing law. 
SPONSORED BY: ~~ ~k 
(Representative T 
AT) 
TOWN: Hallowell 
HOUSE AMENDMENT 
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