2008-09-04 — bizjournals.com
"A state law that went into effect Sept. 1 mandates that lenders must notify borrowers with covered loans at least 90 days in advance that legal action will be initiated. Lenders must also refer the borrower to at least five government-approved counseling agencies in their area. These agencies can work out details of loan modifications, easier payment plans or a period of loan forbearance."
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