Working Group on Expedited Forclosures for Abandoned Properties

Public Act 16-65 Sec. 93. (Effective July 1, 2016) Within available appropriations and not later than October 1, 2016, the committee having jurisdiction over all matters related to banking shall, in consultation with representatives of state agencies and departments, financial institutions, mortgage servicers, attorneys with experience in foreclosure law and municipalities, convene a working group to develop recommendations regarding methods to expedite foreclosures with respect to properties that have been abandoned. On or before January 1, 2017, said working group shall submit its finding to the committee having jurisdiction over all matters related to banking.