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Bill

A 6699

Relates to the rights of parties involved in foreclosure actions

2025 Regular Session Introduced by Latrice Walker

A 6699 strengthens due-process rights in foreclosure actions, aiming to improve notices, mediation options, and cure opportunities for homeowners, tenants, lenders, and servicers.

REFERRED TO JUDICIARY
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Bill Summary · A 6699

Bill Summary — A 6699: Relates to the rights of parties involved in foreclosure actions

Basic information

  • Bill number: A 6699
  • Title: Relates to the rights of parties involved in foreclosure actions
  • Status: Referred to Judiciary
  • Introduced: March 7, 2025
  • Primary sponsor: Latrice Walker
  • Related bills (prior sessions): A 7922, A 1136

What the bill aims to do

  • The bill’s title indicates a focus on “the rights of parties involved in foreclosure actions.” While the full text is not provided here, the measure is positioned to address procedural or substantive rights for participants in foreclosure proceedings, potentially including homeowners (borrowers), lenders/servicers, and possibly tenants or other interested parties.

What is known versus what remains unclear

  • Known from the record:
    • The bill is in the Judiciary committee, signaling a focus on legal process, due process protections, or court procedures related to foreclosures.
    • The sponsor is Assemblymember Latrice Walker.
    • There are prior-session related bills (A 7922 and A 1136), suggesting ongoing interest in foreclosure rights reforms.
  • Unknown from the record provided:
    • The exact text and specific provisions of A 6699.
    • The precise rights or protections being enacted (e.g., notice requirements, mediation opportunities, cure periods, attorney representation, fees, appeals, stay provisions, or accountability measures for servicers and lenders).

Potential impact (conceptual considerations)

  • If enacted, A 6699 could affect:
    • Homeowners facing foreclosure, potentially providing enhanced due process, clearer notices, or more opportunities to seek mediation or cure.
    • Lenders and mortgage servicers, who may incur new compliance obligations or procedural requirements.
    • Courts and local foreclosures dockets, through changes to timing, documentation standards, or mediation processes.
    • Tenants or occupants in foreclosed properties, depending on whether the bill addresses occupancy rights in foreclosure contexts.

Procedural timeline and next steps

  • The bill has been referred to the Judiciary committee. No further action, hearing dates, or timeline are specified in the provided record.
  • As with many bills, if it advances, it would proceed through committee consideration, potential amendments, and floor votes in the Assembly, followed by movement through the Senate and potential gubernatorial action, depending on the legislative calendar and cross-chamber passage.

Related legislative context

  • The existence of prior-session related bills (A 7922 and A 1136) suggests this topic has been under consideration previously and may evolve with new amendments or companion measures.

How to learn more

  • To obtain the exact provisions and a definitive summary, review the official bill text and fiscal impact statements once published by the legislative website or your bill tracking service.

Compiled from official sources — confirm details with the bill’s official record.

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