Delaware General Assembly

Lieu/Substituted 4/23/24

Adopted in Lieu of original; takes status of original

SS 1 for SB 245

3/21/24

Huxtable

Sen. Lockman, Sokola, Townsend
Rep. K. Johnson

Sen. Gay, Hansen, Hoffner, S. McBride, Paradee, Pinkney, Sturgeon, Walsh
Reps. Bush, Griffith, Lambert, Osienski, Phillips

AN ACT TO AMEND TITLES 10 AND 29 OF THE DELAWARE CODE RELATING TO RESIDENTIAL MORTGAGE FORECLOSURE AND THE OFFICE OF FORECLOSURE PREVENTION AND FINANCIAL EDUCATION.

The Office of Foreclosure Prevention and Financial Education and the Residential Mortgage Foreclosure Mediation Program were created in the wake of the 2008 financial crisis to assist homeowners at risk of foreclosure or already navigating the foreclosure process. Originally intended as temporary programs, the need for these programs is as critical as ever for those facing the loss of their homes. The programs have proven to be important resources in preserving home ownership and educating homeowners on their rights and responsibilities in times of economic contraction and in times of economic expansion. As a result of their successes, the General Assembly has extended the program multiple times. It is clear that the need for these programs will continue for the foreseeable future. In recognition of this reality, this Act removes the expiration dates from the programs. This Act also updates the Delaware Code by replacing references to the Delaware Emergency Mortgage Assistance Program (“DEMAP”) and an associated website with updated information. The Delaware State Housing Authority terminated DEMAP in May 2020. Finally, the Act makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual.

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Takes effect upon being signed into law

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