Requires mortgage lenders to maintain vacant, age-restricted dwelling units during foreclosure.

This bill requires mortgage lenders to maintain age-restricted residential properties (such as senior housing) during foreclosure proceedings. Lenders must notify local municipalities within 10 days of filing foreclosure papers, providing contact details for a local representative responsible for property upkeep if the unit becomes vacant. If the property falls into disrepair during foreclosure, municipalities can give lenders 30 days to fix violations before imposing penalties or seeking reimbursement for cleanup costs. The law specifically targets age-restricted units to prevent neglect that could disrupt vulnerable residents.