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DISB releases regulations relating to the implementation of the recently passed amendment to the foreclosure mediation statute

March 19, 2014 9:15 AM | Anonymous

The regulations relating to the implementation of the recently passed amendments to the foreclosure mediation statute were finally issued by the Department of Insurance, Securities and Banking.  They were issued effective as of March 4, 2014 and were published in the March 14, 2014 District of Columbia Register.  The regulations were issued as both emergency regulations and proposed final regulations.  The emergency regulations take effect immediately but expire on July 2, 2014.  There is a 30 day comment period for the proposed regulations but barring a big surprise, it is anticipated that the proposed regulations will be issued in final form shortly after the comment period.  Here is a link to the page in the DC Register where the regulations can be found.  http://www.dcregs.dc.gov/Notice/NoticeListForPublic.aspx?type=Issue&CategoryName=EmergencyandProposedRulemaking&IssueID=442

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