UTA Offers Changes to Nevada Foreclosure Mediation Program

UTA Provides Comments

UTA has provided comments to the Nevada Supreme Court on the proposed new rules to the Nevada Foreclosure Mediation Program (FMP).  The Court administers the FMP. 

UTA’s comments were aimed increasing certainty in the efficiency of the mediation and foreclosure process and in reconciling the disparity in treatment between borrowers and lenders.  UTA made several substantive suggestions to the program, including eliminating discussion of the adequacy of documents inside the mediation room; striking the proposal that a servicer must produce the agreement that gives the party authority to appear at the mediation; and mandating that certificates are produced when a borrower fails to provide the proper documents.

UTA’s comments were drafted by Michael Brooks, Esq., and Jeffrey Todd, Esq., Brooks Bauer, LLP.

A hearing will be held on the comments on July 9th.

Read UTA’s comments

Read the proposed rules