2012 Vermont Statutes
Title 12 Court Procedure
Chapter 163 CHANCERY PROCEEDINGS
§ 4631 Mediation program established
§ 4631. Mediation program established
(a) This subchapter establishes a program to assure the availability of mediation and application of the federal Home Affordable Modification Program ("HAMP") requirements in actions for foreclosure of a mortgage on any dwelling house of four units or less that is occupied by the owner as a principal residence.
(b) The requirements of this subchapter shall apply only to foreclosure actions involving loans that are subject to the federal HAMP guidelines.
(c) To be qualified to act as a mediator under this subchapter, an individual shall be licensed to practice law in the state and shall be required to have taken a specialized, continuing legal education training course on foreclosure prevention or loss mitigation approved by the Vermont Bar Association. (Added 2009, No. 132 (Adj. Sess.), § 4.)
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