Through the legislation (SB 1150), when the sole borrower listed on a mortgage passes away, it entitles widows, widowers, domestic partners, heirs, siblings and other survivors to information and communication from the mortgage servicer. The legislation also provides these surviving persons the right to seek a loan assumption and modification, if needed. Already, the enactment of the bill has been met with applause from certain consumer advocacy groups, such as the Center for Responsible Lending (CRL).
