Call Out The Homeowner Pitchfork Brigade! Maine Banksters Win Preliminary Skirmish In Battle Over Proposed Anti-Crappy F'closure Document Legislation

Buried in a recent article in The Portland (Maine) Press Herald is this blurb on one of a number of bills that state lawmakers are trying to advance:

• L.D. 145, "An Act to Protect Homeowners Subject to Foreclosure by Requiring the Foreclosing Entity to Provide the Court with Original Documents," sponsored by Rep. Roberta Beavers, D-South Berwick. The bill would require a mortgage holder to produce the original mortgage note as part of the civil foreclosure complaint.



• Despite a unanimous vote in support from the Judiciary Committee, intense lobbying from the banking industry threatened the bill, so it was sent back to committee, Beavers said.

Source: Lawmakers put key proposals on hold.