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HF 2749 House Long Description

hf2749FIRST ENGROSSMENTForeclosure consultants and equity purchasers regulated, contract +provisions and notice requirements specified, and criminal and civil penalties +imposed.Section 1: Intent and purpose provided.Sec. 2: Related terms defined.Sec. 3: Foreclosure consultant contract rescission provided.Sec. 4: Contract provided.Sec. 5: Violations detailed.Sec. 6: Waiver not allowed.Sec. 7: Remedies provided.Sec. 8: Penalties provided.Sec. 9: Provisions severable.Sec. 10: Liability provided.Sec. 11: Intent and purpose relating to equity purchasers provided.Sec. 12: Related terms defined.Sec. 13: Contract form and language regulated.Sec. 14: Contract terms provided.Sec. 15: Contract cancellation provided.Sec. 16: Notice of cancellation required.Sec. 17: Violations detailed.Sec. 18: Remedies provided.Sec. 19: Penalties provided.Sec. 20: Remedies rendered not exclusive.Sec. 21: Waiver not allowed.Sec. 22: Provisions severable.Sec. 23: Unconscionable conduct prohibited.Sec. 24: Acts of representative liability provided.Sec. 25: Liability limitation restriction provided.Sec. 26: Sale notice required.Sec. 27: Foreclosure advice notice required.AE