Fla. Lawmakers OK Plan To Spend $200M Mortgage Settlement

Law360, Miami (April 30, 2013, 8:36 PM EDT) -- The Florida House of Representatives on Tuesday unanimously passed a plan to allocate the remaining $200 million of the state's share of a $25 billion national settlement with mortgage servicers, directing most to state affordable housing programs and the court system to ease the foreclosure backlog.

The 117-0 vote on S.B. 1852, followed a 38-0 vote in the Senate on Friday for a plan proposed by Sen. Andy Gardiner, R-Orlando. The unanimous votes ended what was not always a smooth process of deciding how to use...
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