this is bill 1362 the foreclosure fairness act it is attempting to: create a foreclosure mediation...

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Page 1: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

How to Track a Bill

Page 2: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

Go to:http://www.leg.wa.gov/pages/home.aspxClick on Bill Information

Page 3: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

Type in the Bill number

Page 4: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

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

Page 5: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

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

Page 6: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

If we click on the “Original Bill” we can read the entire bill

Page 7: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders
Page 8: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

We can click on “Get Fiscal Notes” to learn about the financial details of the bill

Page 9: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders
Page 10: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

You can also call , email or write the Legislative Information Center

to find out about a bill

Page 11: This is Bill 1362 The Foreclosure Fairness Act It is attempting to: Create a foreclosure mediation process in our state, Require banks and lenders

The End