Requires a mortgagor to provide notice of imminent foreclosure

This bill requires property owners (mortgagors) to notify current or prospective tenants about imminent foreclosure before renewing or signing a lease. Specifically, owners must send a copy of the foreclosure summons and complaint via certified mail at least two weeks prior to any lease action. Failure to provide this notice results in a $500 credit against the tenant's rent per violation. The law directly affects tenants facing potential displacement and property owners managing rental properties.