§667-83  Stay of nonjudicial foreclosure proceedings.  (a)  The written notification of a case opening under section 667-79 shall operate as a stay of the foreclosure proceeding and may be recorded; provided that:

     (1)  The written notification shall not act as a stay on a foreclosure proceeding by an association; and

     (2)  The written notification shall not act as a stay on a foreclosure proceeding for the purpose of the date by which the default must be cured pursuant to section 667-22(a)(6).

     (b)  Upon a stay pursuant to subsection (a), a mortgagee shall not foreclose upon a mortgage:

     (1)  Until the neutral's report confirming either that the parties have been unable to reach an agreement under section 667-81(b) or the parties have reached an agreement that authorizes foreclosure under section 667-81(c) or (d) is filed with the department;

     (2)  If a statement of noncompliance has been issued against the mortgagee pursuant to section 667-82; or

     (3)  Unless otherwise provided by law or court order. [L 2011, c 48, pt of §1, §45(2); am L 2012, c 182, §§47, 49; am L 2013, c 197, §4]