(St.Paul, MN) -- Backers of a "Homeowners Bill of Rights" are at the State Capitol lobbying lawmakers before tonight's (7pm) committee hearing. The bill would ban so-called "double-tracking" and require banks say either "yes" or "no" to a homeowner's loan-modification request before proceeding with foreclosure. The bill also requires banks assign a single point-of-contact for homeowners facing foreclosure. Tess Rice with the Minnesota Bankers Association responds that requirement plus a prohibition against "dual-tracking" are already included in new federal rules.
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