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 notice of foreclosure by advertisement, such as the names of involved parties, mortgage details, and a description of the property. It also clarifies that errors in the street address do not invalidate the notice or the sale. The bill emphasizes the importance of transparency in the foreclosure process, including the requirement for the foreclosing party to avoid publishing notices in newspapers where they hold a majority ownership interest. The enactment of this bill is contingent upon the passage of Senate Bill No. 528.

Statutes affected:
Senate Introduced Bill: 600.3208, 600.3212