Thursday, March 5, 2009

Bankruptcy, AKA Judicial Loan Modification, Bill Set for House Vote.

Washington Post news story HERE has account of what has been changed in bill.

One of key changes is to provide a safe harbor to exclude loans where borrower was offered a "qualified loan amendment" under the March 4th guidelines.

The amendment to H.R. 1146 is HERE.

The Thomas page for the H.R. 1146 is HERE.

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