"Loss mitigation package"

Sec. 4.7. As used in this chapter, "loss mitigation package" means a set of documents, the components of which: (1) are specified by the authority under section 10(i) of this chapter; (2) provide information about a debtor's present and projected future income, expenses, assets, and liabilities; and (3) are necessary for a creditor to make underwriting decisions or other determinations in connection with a potential foreclosure prevention agreement with the debtor to whom the documents apply. As added by P.L.170-2011, SEC.6.