March 30, 2007
ENGROSSED
HOUSE BILL No. 1753
_____
DIGEST OF HB 1753
(Updated March 29, 2007 9:57 am - DI 113)
Citations Affected: IC 5-20.
Synopsis: Mortgage foreclosure counseling. Authorizes the Indiana
housing and community development authority (authority) to establish
a program to provide free mortgage foreclosure counseling and
education to homeowners who have defaulted on or are in danger of
defaulting on the mortgages on their homes. Provides that the program
may include a central toll free telephone number that homeowners may
call to receive mortgage foreclosure counseling and education.
Authorizes the authority to award grants for the training of counselors
who will provide mortgage foreclosure counseling and education.
Provides that the authority may establish standards for the certification
of counselors. Provides that the authority may solicit contributions and
grants from the private sector, nonprofit entities, and the federal
government to assist in carrying out the program. Requires the
authority to submit a report to the legislative council annually.
Effective: Upon passage.
January 26, 2007, read first time and referred to Committee on Family, Children and
Human Affairs.
February 15, 2007, reported _ Do Pass. Recommitted to Committee on Ways and Means.
February 20, 2007, amended, reported _ Do Pass.
February 23, 2007, read second time, ordered engrossed. Engrossed.
February 26, 2007, read third time, passed. Yeas 97, nays 0.
SENATE ACTION
March 5, 2007, read first time and referred to Committee on Appropriations.
March 29, 2007, amended, reported favorably _ Do Pass.
March 30, 2007
First Regular Session 115th General Assembly (2007)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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ENGROSSED
HOUSE BILL No. 1753
A BILL FOR AN ACT to amend the Indiana Code concerning state
offices and administration.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 5-20-6; (07)EH1753.1.1. -->
SECTION 1. IC 5-20-6 IS ADDED TO THE INDIANA CODE AS
A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE UPON
PASSAGE]:
Chapter 6. Foreclosure Prevention Counseling and Assistance
Sec. 1. As used in this chapter, "authority" refers to the Indiana
housing and community development authority created by
IC 5-20-1-3.
Sec. 2. (a) The authority may establish a program to provide
free mortgage foreclosure counseling and education to
homeowners who have defaulted on or are in danger of defaulting
on the mortgages on their homes.
(b) The authority may enter into an agreement with any public,
private, or nonprofit entity to carry out any part of the mortgage
foreclosure counseling and education program.
(c) The program may include a central toll free telephone
number that homeowners may call to receive mortgage foreclosure
counseling and education.
(d) The authority may award grants for the training of
counselors who will provide mortgage foreclosure counseling and
education.
(e) The authority may establish standards for the certification
of counselors who will provide mortgage foreclosure counseling
and education.
(f) The authority may expend money for the purpose of
advertising the mortgage foreclosure counseling and education
program and the central toll free telephone number included in the
program under subsection (c).
Sec. 3. The authority may solicit contributions and grants from
the private sector, nonprofit entities, and the federal government
to assist in carrying out the purposes of this chapter.
Sec. 4. (a) The authority shall annually submit a report to the
legislative council concerning the following:
(1) The operation of the mortgage foreclosure counseling and
education program, if the program is conducted by the
authority during the reporting period.
(2) A summary of mortgage foreclosure rates and trends in
Indiana and the United States.
(b) The report submitted under this section must be in an
electronic format under IC 5-14-6.