§667-74 Availability of dispute resolution required before foreclosure. Before a public sale may be conducted pursuant to section 667-25 for a residential property that is occupied by an owner-occupant, the foreclosing mortgagee , at the election of the owner-occupant, shall participate in the mortgage foreclosure dispute resolution program under this part to attempt to negotiate an agreement that avoids foreclosure or mitigates damages in cases where foreclosure is unavoidable. [L 2011, c 48 , pt of §1 , §45( 2 ) ; am L 2012, c 182, §§ 38 , 49 ]
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