Public Laws

124th Legislature

Second Regular Session

Chapter 476

H.P. 1208 - L.D. 1707

An Act To Clarify the Application of Certain Statutory Requirements to Foreclosures

Emergency preamble. Whereas,  acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas,  provisions in Public Law 2009, chapter 402 relating to the notices of a mortgagor's right to cure default were intended to apply to all residential mortgage loans; and

Whereas,  an exception to the notice provision applicable to certain mortgage loans was not repealed in Public Law 2009, chapter 402; and

Whereas,  this legislation repeals the exception so that the requirements for notices to cure default apply to all residential mortgages; and

Whereas,  in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

Be it enacted by the People of the State of Maine as follows:
Parts: A B

Emergency clause. In view of the emergency cited in the preamble, this legislation takes effect when approved.

Effective February 24, 2010.

Office of the Revisor of Statutes
State House, Room 108
Augusta, ME 04333