Saturday, April 2, 2011

Wa. State Foreclosure Mediation and Foreclosure Fairness Fund Programs Bill Is On to Governor for Signature.

Received an update from one of the blog subscribers advising  that Washington State Foreclosure Mediation and Foreclosure Fairness fund bill [HB 1362] has now passed both the House and Senate and is on way to Governor for signature. [My earlier blog post, with links to bill and related materials is HERE].

In re implementation dates, note says: 
Unless [governor] vetoes the emergency clause section, parts of the bill will become effective immediately.  Those parts relate to collecting the fees and getting the Department of Commerce who will be administering the program up to speed. The substantive portions of the law dealing with mediation and other substantive rights, as well as the disbursement of funds to housing counselors, the AG, and OCLA, will be effective 90 days from the Governor’s signature.  Consequently, it could become completely effective in early July.
Originally created and posted on the Oregon Housing Blog

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