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#2183077 - 06/25/18 09:48 PM Protecting Tenants in Foreclosure restored
Kim M. Offline
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Kansas
I saw on BOL that the FED addressed the restoration of the Protecting Tenants at Foreclosure Act 6-22-2018. It says the law is self-executing. So is the rule effective for all FDIC, OCC and Fed banks now? We don't need to wait on anything else? thanks

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#2183078 - 06/25/18 10:06 PM Re: Protecting Tenants in Foreclosure restored Kim M.
rlcarey Online
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rlcarey
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Galveston, TX
Correct.
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#2186259 - 07/20/18 04:11 PM Re: Protecting Tenants in Foreclosure restored rlcarey
Summer101 Offline
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Is there a USC cite for the Protecting Tenants at Foreclosure Act?

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#2186290 - 07/20/18 05:32 PM Re: Protecting Tenants in Foreclosure restored Kim M.
rlcarey Online
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rlcarey
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Galveston, TX
USC citation was in S. 2155:

SEC. 304. Restoration of the Protecting Tenants at Foreclosure Act of 2009.


(a) Repeal of sunset provision.—Section 704 of the Protecting Tenants at Foreclosure Act of 2009 (12 U.S.C. 5201 note; 12 U.S.C. 5220 note; 42 U.S.C. 1437f note) is repealed.

(b) Restoration.—Sections 701 through 703 of the Protecting Tenants at Foreclosure Act of 2009, the provisions of law amended by such sections, and any regulations promulgated pursuant to such sections, as were in effect on December 30, 2014, are restored and revived.

(c) Effective date.—Subsections (a) and (b) shall take effect on the date that is 30 days after the date of enactment of this Act.
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#2186339 - 07/20/18 08:25 PM Re: Protecting Tenants in Foreclosure restored rlcarey
Summer101 Offline
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Thanks!!

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#2186364 - 07/20/18 10:00 PM Re: Protecting Tenants in Foreclosure restored Kim M.
TAR Offline
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Does someone have a sample Notice of Foreclosure that would be sent to tenants to share?

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#2186365 - 07/20/18 10:06 PM Re: Protecting Tenants in Foreclosure restored Kim M.
rlcarey Online
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rlcarey
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Galveston, TX
There is no model form. Make sure you check State and local laws also.
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#2186368 - 07/21/18 02:47 AM Re: Protecting Tenants in Foreclosure restored TAR
Reads Regs Online
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As Randy suggested, check state or lowball laws. There is one for NJ in this bulletin from 2010. https://www.state.nj.us/dca/divisions/codes/publications/pdf_lti/f_bulletin.pdf
Please look into whether the statute has been amended since then to alter the wording.
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#2186369 - 07/21/18 02:50 AM Re: Protecting Tenants in Foreclosure restored Reads Regs
Reads Regs Online
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Oops. Local not lowball. Unable to edit prior post.
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