AUGUSTA, Maine–The Maine House and Senate both voted to override the governor’s veto of L.D. 846 - An Act to Refine and Streamline the Foreclosure Mediation Program, which had the backing of the Maine Credit Union League.
In the Governor's veto letter, he stated it was being vetoed because it was sponsored by a Democrat, Rep. Barry Hobbins. On Monday evening, the Maine House voted overwhelmingly (140-4) to override, while the Senate voted unanimously 34-0 to override the veto this afternoon, according to the Maine league, which credited the “hard work by a number of Maine's credit unions and the league's legislative team” for getting the legislation enacted. The bill now becomes law and takes effect 90 days after the Legislature adjourns.
"For years, the feedback we have heard from credit unions has been that an expedited option for the foreclosure process is needed,” said MCUL CEO John Murphy in a statement first reported by the league on its website. “Many believed that passing this type of legislation could not be done this session, but our dedicated legislative team worked tirelessly to make it happen."
AUGUSTA, Maine–The Maine House and Senate both voted to override the governor’s veto of L.D. 846 - An Act to Refine and Streamline the Foreclosure Mediation Program, which had the backing of the Maine Credit Union League.
In the Governor's veto letter, he stated it was being vetoed because it was sponsored by a Democrat, Rep. Barry Hobbins. On Monday evening, the Maine House voted overwhelmingly (140-4) to override, while the Senate voted unanimously 34-0 to override the veto this afternoon, according to the Maine league, which credited the “hard work by a number of Maine's credit unions and the league's legislative team” for getting the legislation enacted. The bill now becomes law and takes effect 90 days after the Legislature adjourns.
"For years, the feedback we have heard from credit unions has been that an expedited option for the foreclosure process is needed,” said MCUL CEO John Murphy in a statement first reported by the league on its website. “Many believed that passing this type of legislation could not be done this session, but our dedicated legislative team worked tirelessly to make it happen."