March 30, 2012

LePage vetoes bill to regulate foreclosure documents

By Susan M. Cover
State House Bureau

AUGUSTA — Gov. Paul LePage today vetoed a bill that sought to streamline foreclosure proceedings.

click image to enlarge

Maine Gov. Paul LePage

AP Photo

Related headlines

Related Documents

Gov. LePage's veto letter (pdf)

The bill, LD 145, was sponsored by Rep. Roberta Beavers, D-South Berwick.

In his veto letter, LePage said the bill "would add a new burden on our lenders to produce original copies of documents or swear under penalty of perjury why they are not able to."

"This would simply create more paperwork in the foreclosure process with little benefit for Maine people," he wrote.

Beavers, who spent a year and a half working on the bill, said it would require financial institutions to produce documents up front, which would save time. The bill passed the Senate 32-2 and the House 90-54.

"I feel he gave in to the big banks that caused the financial meltdown of 2008 instead of supporting the people of Maine and helping them stay in their homes," she said.

This is LePage's 16th veto of the two-year legislative session. It will appear on the House calendar next week for consideration. The Legislature has never overridden a LePage veto.

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors

Further Discussion

Here at we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)