S.B.
143
MORTGAGE AND FINANCIAL AFFAIRS AMENDMENTS
Senate Committee
Amendments
Amendment 1 February 19, 2013 11:09 AM
Senator Wayne A. Harper
proposes the following amendments:
1. Page
2, Line 58 through Page 3, Line 72
:
58
[(f)] (i) "Single point of contact" means [a person] an individual or the individual's
59
replacement who, as the designated representative of the beneficiary or servicer, is authorized
60
to
{
[
}
:
(i)
{
]
}
coordinate and ensure effective communication with a default trustor concerning:
61
{
[
}
(A)
{
]
}
{
(i)
}
foreclosure proceedings initiated by the beneficiary or servicer relating
to the
62
trust property; and
63
{
[
}
(B)
{
]
}
{
(ii)
}
any foreclosure relief offered by or acceptable to the beneficiary or
servicer
{
[
}
;
{
]
}
64
[and]
{
.
}
(ii) be informed of and involved in making decisions concerning the default trustor's eligibility for
foreclosure relief; and
65
{
[
}
{
(ii)
}
(iii)
{
direct
}
access and be informed of the procedural details of
all foreclosure proceedings initiated by the beneficiary or servicer relating to
66
the trust property, including:
{
]
}
67
{
[
}
(A) the filing of a notice of default under Section
57-1-24
and any cancellation of a
68
notice of default;
{
]
}
69
{
[
}
(B) the publication of a notice of trustee's sale under Section
57-1-25
; and
{
]
}
70
{
[
}
(C) the postponement of a trustee's sale under Section
57-1-27
or this section.
{
]
}
71
(2) (a)
{
Before
}
No fewer than 30 days before the day on which
a notice of default is filed
for record under Section
57-1-24
, a beneficiary
72
or servicer shall:
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