Breaking News: ABA Files Suit Challenging the Validity of the Repeal of AZ SB 1271
October 23, 2009 by christine
Well, we all knew it was just a matter of time before we heard from the Arizona Bankers Association over the repeal of SB 1271. They didn’t spend all that money to get the bill passed, only to see it repealed when everyone found out about it.
The greedy bankers are at it again! I wish I could say that I’m surprised.
The Associated Press reports that the Arizona Supreme Court is being asked to overturn budget legislation that repeals a controversial new state law on legal protections for homeowners after foreclosures.
The suit was apparently filed on Tuesday by the Arizona Bankers Association, who says the repealed legislation is unconstitutional on several grounds, namely because the issue wasn’t included in Gov. Jan Brewer’s special session call for action on budget and tax matters.
I don’t have much more information to report on this at the moment, but stay tuned. I’m sure it will get interesting.
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