Skip to content
BOL Conferences
Thread Options
#2183077 - 06/25/18 09:48 PM Protecting Tenants in Foreclosure restored
Kim M. Offline
100 Club
Joined: Oct 2005
Posts: 129
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

Return to Top
Lending Compliance
#2183078 - 06/25/18 10:06 PM Re: Protecting Tenants in Foreclosure restored Kim M.
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,223
Galveston, TX
Correct.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2186259 - 07/20/18 04:11 PM Re: Protecting Tenants in Foreclosure restored rlcarey
Summer101 Offline
Platinum Poster
Joined: Jun 2001
Posts: 644
Is there a USC cite for the Protecting Tenants at Foreclosure Act?

Return to Top
#2186290 - 07/20/18 05:32 PM Re: Protecting Tenants in Foreclosure restored Kim M.
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,223
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the Protecting Tenants at Foreclosure Act of 2009 (12 U.S.C. 5201 note; 12 U.S.C. 5220 note; 42 U.S.C. 1437f note) is repealed.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.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2186339 - 07/20/18 08:25 PM Re: Protecting Tenants in Foreclosure restored rlcarey
Summer101 Offline
Platinum Poster
Joined: Jun 2001
Posts: 644
Thanks!!

Return to Top
#2186364 - 07/20/18 10:00 PM Re: Protecting Tenants in Foreclosure restored Kim M.
TAR Offline
New Poster
Joined: Aug 2017
Posts: 2
Does someone have a sample Notice of Foreclosure that would be sent to tenants to share?

Return to Top
#2186365 - 07/20/18 10:06 PM Re: Protecting Tenants in Foreclosure restored Kim M.
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,223
Galveston, TX
There is no model form. Make sure you check State and local laws also.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2186368 - 07/21/18 02:47 AM Re: Protecting Tenants in Foreclosure restored TAR
Reads Regs Offline
Diamond Poster
Joined: Nov 2004
Posts: 2,307
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.
_________________________
Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

Return to Top
#2186369 - 07/21/18 02:50 AM Re: Protecting Tenants in Foreclosure restored Reads Regs
Reads Regs Offline
Diamond Poster
Joined: Nov 2004
Posts: 2,307
Oops. Local not lowball. Unable to edit prior post.
_________________________
Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

Return to Top

Moderator:  Andy_Z