September 2, 2010 | Updated 11:26am
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Local Lenders Leery Of New Right To Cure Law

Complain New Process Is Overly Consumer-Friendly, Time Intensive


By Colleen M. Sullivan

Banker & Tradesman Staff Writer

07/30/10

The state's newly passed foreclosure law, which will extend the right-to-cure period for homeowners up to 150 days, is raising concerns among bankers who say the statute lacks clarity and could drag out the foreclosure process beyond a year.

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