Finance
Pennsylvania's Act 91 of 1983 requires mortgage lenders to send a mandatory notice to delinquent borrowers before initiating foreclosure. This notice must be sent at least how many days before foreclosure filing?
A15 days
B30 days✓ Correct
C60 days
D90 days
Explanation
Pennsylvania's Act 91 (Homeowner's Emergency Mortgage Assistance Program Act) requires lenders to send the Act 91 notice to delinquent borrowers at least 30 days before initiating foreclosure proceedings. The notice informs borrowers about HEMAP assistance and gives them an opportunity to apply.
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