AN ACT REQUIRING PROOF OF OWNERSHIP OF A MORTGAGE NOTE AT FIRST FORECLOSURE MEDIATION SESSION.


General Assembly		*Proposed Bill No. 6223*
*January Session, 2011*		LCO No. 1269

Referred to Committee on Banks
Introduced by:
REP. REBIMBAS, 70^th Dist.

AN ACT REQUIRING PROOF OF OWNERSHIP OF A MORTGAGE NOTE AT FIRST FORECLOSURE MEDIATION SESSION.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That section 49-31n of the general statutes be amended to require a mortgagee participating in the foreclosure mediation program to offer proof at the first mediation session that such mortgagee is the rightful owner of the underlying mortgage note.

Statement of Purpose:

To improve the foreclosure mediation program.