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Plan decried that would reduce foreclosure notices

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By CHAD SISK

Tennessean

Editor’s note: This story is being reprinted with permission from the Tennessean.

Bankers are trying to cut how much public notice is required before they can foreclose on homes, drawing fire from an assortment of activists, lawyers and open-government groups.

The Tennessee Bankers Association is urging state lawmakers to pass a bill that would reduce the amount of public notice legally required before foreclosures. The group argues that the current rule of three ads is excessive and too costly.


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