.jpg)
More from NACBA - Active Legislative Agenda
Dear NACBA Member,
First, I want to thank you for the calls you are making and letters you are
faxing to your two senators urging their support for S. 2636, the
Foreclosure Prevention Act, Title IV of which would allow for modification
of home mortgage loans in bankruptcy.
As we fully expected, the scope of the remedy has been narrowed somewhat in
order to gain the support of the credit unions and, hopefully enough
senators to pass the bill. (Remember that because of Senate rules, we need
60 votes, not a simple majority). The revised Senate bill now closely
resembles the bipartisan compromise bill in the House, with a new twist or
two. To view the bill, (click
The post was migrated from Yahoo.