www.projo.com/news/content/FORECLOSURES_11-01-09_FJG9NK -
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Published on: 11/1/2009
Last Visited: 11/2/2009
Jim Hahn, legislative counsel for the Rhode Island Mortgage Bankers Association, said a team of bankers and tenants-rights groups favored a different bill that provided more protections and also specified that the foreclosure issue must be addressed by state law.
He was mystified as to why it did not pass.
"The real risk here is that if you end up with a crazy quilt of different ordinances in each municipality, you run the risk of lenders saying, you know what, it's too complicated," he said.
...
Hahn said the local ordinances could face legal challenges because they deal with issues already addressed in state law.