Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Maine CUs Represented On Attorney General's Foreclosure Panel
PORTLAND, Maine (11/5/13)--The Maine Credit Union League represented the state's credit unions on a forum conducted by State Attorney General Janet Mills about the foreclosure process in Maine.

The forum and panel were organized to study legislative issues and concerns brought up in a number of bills introduced last session. Many of the issues were combined into a single carry-over bill that will be considered in the upcoming legislative session, said the league (Weekly Update Nov. 1).

Ben Marcus, attorney with Drummond Woodsum and legislative counsel for the league, represented the league and credit unions on the panel.  Marcus said that presentations and discussion were more balanced that past forums and some legislative hearings on the topic.  Courts are not ruling in a timely manner on the issue of unopposed motions for summary judgment related to foreclosures, he said.

Mills is considering a dual track procedure to move unopposed cases through more quickly. "All parties agree that cases should be expedited when the mortgaged property is abandoned although reaching consensus on a definition will be challenging," Marcus told  the league.

The opportunity to be part of the discussion helps "provide a forum to reinforce our concerns and issues," said Quincy Hentzel, league director of governmental affairs. "We anticipate foreclosure to again be one of our major legislative issues next session."


RSS print
News Now LiveWire
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
9 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
11 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
12 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
13 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
13 hours ago