Saving DC Homes from Foreclosure Clarification Amendment Act of 2012
Councilmember Yvette M. Alexander, Chairperson of the Committee on Public Serivces and Consumer Affairs, announces a public hearing on Bill 19-676: Saving DC Homes from Foreclosure Clarification Amendment Act of 2012. The public hearing will be held at 11AM on Thursday, June 28, 2012 in Room 412 of the John A. Wilson Building.
The stated purpose of Bill 19-676 is to amend an Act to etablish a code of law for the District of Columbia to provide borrowers the same rights for a defective Notice of Default on Residential Mortgage as the law provides for a defective Notice of Intention to Foreclose on a Residential Mortgage; to establish that a foreclosure sale shall be void if a lender files a Notice of Intention to Foreclose on a Residential Mortgage without a mediation certificate; to provide that the Commissioner can set all applicable sees through rulemaking; to provide that mediation shall conclude within 180 days; to clarify that the District of Columbia Procurement Practices Act does not apply to contracts entered into by the Mediation Administrator for mediation services; to provide that nothing in this Act shall be construed to create any new administrative, judicial or other review not otherwise available under existing laws; to provide new definitions for the term residential mortgage and mediation services; and to amend the 21st Century Financial Modernization Act of 2000 to provide that judcial review of any final order or action of the Department of Insurance, Securities and Banking shall be in the Superior Court of the District of Columbia unless DC Offcial Code 2-510 applies.
Those who wish to testify should register online or contact Mr. Ed Fisher, Committee Director, at (202) 741-2110 or via email at firstname.lastname@example.org and provide their name, address, telephone number, organizational affiliation and title (if any) by close of business Wednesday, June 27, 2012. Persons wishing to testify are encouraged, but not required, to submit 15 copies of written testimony. Witnesses should limit their testimony to four minutes; less time will be allowed if there is a large number of witnesses.
If you are unable to testify at the hearing, written statements are encouraged and will be made a part of the official record. Copies of written statements should be submitted either to Mr. Fisher or Ms. Nyasha Smith, Secretary to the Council, Room 5 of the Wilson Building, 1350 Pennsylvania Avenue NW, Washington, DC, 20004. The record will close at 5:30PM on Friday, June 29, 2012,