HERE are the House amendments to the Housing bill H.R.3221 being considered by the House this week.
A summary of the bill and the amendments can be found on the House Financial Services Committee website HERE.
Amendment 2 seeks to prevent preemption of state foreclosure laws and is summarized like this:
"Affirms the right of states to prevent abusive foreclosure practices and to establish rules concerning the foreclosure process by clarifying that this Act, the National Bank Act and the Home Owner’s Loan Act do not preempt state laws regulating the foreclosure of residential real property or the treatment of foreclosed property."
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