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Office of the Revisor of Statutes

HF 2095 House Long Description

hf2095THIRD ENGROSSMENTMortgage foreclosure consultant contracts and other contract +provisions regulated, enforcement remedies and notices required, and criminal +penalties imposed.FORECLOSURE CONSULTANTSSection 1: Definitions provided.Sec. 2: Foreclosure consultant contract rescission provisions +established.Sec. 3: Contract details provided.Sec. 4: Violations provided.Sec. 5: Waiver not allowed.Sec. 6: Remedies provided.Sec. 7: Penalties provided.Sec. 8: Provision severability provided.Sec. 9: Liability detailed.FORECLOSURE PURCHASERSSec. 10: Definitions provided.Sec. 11: Contract requirements provided.Sec. 12: Contract terms provided.Sec. 13: Contract cancellation provided.Sec. 14: Cancellation notice provided.Sec. 15: Waiver provided.Sec. 16: Liability detailed.Sec. 17: Prohibited practices detailed.Sec. 18: Enforcement provided.Sec. 19: Sale notice requirements expanded.Sec. 20: Foreclosure advice notice required.Sec. 21: Provision severability provided.Sec. 22: Effective date.AE