this is bill 1362 the foreclosure fairness act it is attempting to: create a foreclosure mediation...
TRANSCRIPT
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How to Track a Bill
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Go to:http://www.leg.wa.gov/pages/home.aspxClick on Bill Information
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Type in the Bill number
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This is Bill 1362The Foreclosure Fairness Act
It is attempting to:•Create a foreclosure mediation process in our state,•Require banks and lenders to conduct a good faith review of the borrower's financial situation and offer a loan modification or other option if the borrower is eligible, •Create additional funding for housing counselors,•Make violations of these new requirements punishable under the Consumer Protection Act
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This tells us:•The history of the bill• Who is sponsoring it• Companion Bill(s)-Similar or identical legislation which is introduced in the
Senate and House. House and Senate lawmakers who share similar views on legislation may introduce a companion bill in their respective chambers to promote simultaneous consideration of the measure
• Where it’s been so far and where it is going•The Original Bill and Fiscal Notes
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If we click on the “Original Bill” we can read the entire bill
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We can click on “Get Fiscal Notes” to learn about the financial details of the bill
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You can also call , email or write the Legislative Information Center
to find out about a bill
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The End