Maine passed a bill amending a notice of right to cure disclosure requirement under a judicial foreclosure. Under the bill, a notice of right to cure must now include the following warning, “WARNING: Be cautious when seeking financial assistance, a loan modification or any other agreement to cure or work out the default. Criminals have been known to pose as legitimate negotiators who work with banks to provide assistance to distressed borrowers, but these criminals may instead take your money and private information without providing any assistance. You are encouraged to seek help from a housing counselor who works for a housing counseling agency approved by the United States Department of Housing and Urban Development (HUD) or from an attorney licensed to practice in the State of Maine”. The bill becomes effective January 1, 2026.
Click to view the HB 257: https://www.tenaco.com/wp-content/uploads/2025/07/ME-HB-257-06-13-25.pdf
