This bill amends the Revised Judicature Act of 1961 by updating the procedures for mortgage foreclosure notices. It specifies that notice of foreclosure must be published for four consecutive weeks in a local newspaper, or in an adjacent county if no local newspaper exists. Additionally, it introduces a requirement for a true copy of the notice to be posted on the premises within 15 days of the first publication. A new provision is added to allow for online sales, mandating that notice of such sales be posted on the county's website and through other means deemed necessary to inform the public.

Furthermore, the bill outlines the specific information that must be included in a foreclosure notice, such as the names of involved parties, mortgage details, and property descriptions. It clarifies that errors in the street address do not invalidate the notice or sale. The bill also emphasizes the responsibilities of the borrower regarding property damage during the redemption period and includes specific statements that must be included in the notice, particularly for residential mortgages. Lastly, it stipulates that the party foreclosing cannot publish notices in newspapers where they hold a majority ownership interest.

Statutes affected:
Senate Introduced Bill: 600.3208, 600.3212