The Minnesota House Committee on Housing Finance & Policy held an informational hearing on January 16 on H.F. 83, the “Homeowner’s Bill of Rights.” The bill, authored by Rep. Mike Freiberg (DFL-Golden Valley), Rep. Raymond Dehn (DFL-Minneapolis) and Rep. Karen Clark (DFL-Minneapolis) addresses four key measures to tackle the ongoing foreclosure crisis in Minnesota. The committee, chaired by Clark, heard testimony from the public about the devastating effects foreclosures have on communities throughout Minnesota. A press conference preceded the hearing.
PRESS CONFERENCE from the State Capitol
HEARING from the State Office Building
VIDEO COURTESY OF THE UPTAKE.
The bill protects homeowners by calling for the implementation of a mediation program, banning “dual tracking,” requiring a single point of contact for the process and allowing homeowners to sue their bank if a loss occurs as a result of dual tracking.
The current bill language as introduced can be found here: https://www.revisor.mn.gov/bin/bldbill.php?bill=H0083.0.html&session=ls88