Posted on February 23, 2023
Recently, I had the opportunity to testify in front of the Banking Committee on H.B. No. 5207, An Act Concerning the Setting of First Payment Due Dates Under the Ezequiel Santiago Foreclosure Mediation Program, a bill I introduced during this session.
The bill is aimed to help protect homeowners that have recently restructured their loan agreement or have a repayment plan. It would require that the first payment due date would be no sooner than fifteen business days after the agreement’s finalization. The hope is that this will offer some help to those who are trying to get back on track with their finances.
I want to thank Banking Committee raising this bill and for their engagement and positive reaction.
To read my entire testimony, click here.