Finance
Pennsylvania's Act 91 Notice of Intention to Foreclose must be sent to a homeowner at least how many days before a foreclosure complaint is filed?
A10 days
B20 days
C30 days✓ Correct
D60 days
Explanation
Pennsylvania Act 91 (the Homeowner's Emergency Mortgage Assistance Program Act) requires lenders to send a Notice of Intention to Foreclose at least 30 days before filing a foreclosure complaint. This notice informs the homeowner of their right to apply for assistance through the Pennsylvania Housing Finance Agency (PHFA). Act 91 gives homeowners facing financial hardship a chance to seek emergency mortgage assistance before foreclosure proceedings begin.
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