This was just emailed to me by Maggie Jeffus our Representative. Check it out...
"The Raleigh Report
From the Office of Representative Maggie Jeffus
July 23, 2008
This past Friday, the House of Representative and the Senate adjourned the 2008 Short Session. The next Long Session will convene on January 28, 2009 at noon. This week, I will update you on our accomplishments for the Short Session.
Helping Families Make Ends Meet
One of our goals this session was to ease the economic strain that homeowners are no doubt feeling. One of the ways we intend to do this is through better mortgage foreclosure laws. Soon Governor Mike Easley is expected to sign into a law House Bill 2263 that will require mortgage servicers of sub prime loans to send a notice to the home being foreclosed at least 45 days prior to the foreclosure. The notice must also have information about why the home is in foreclosure and phone numbers for a mortgage counselor. This bill helps to give homeowners and banks enough time to send and receive help with foreclosures. We also agreed to expand our earned income tax credit beginning the next fiscal year."
General Assembly's website at http://www.ncleg.net.
Tracey Shrouder
