SF 2707 Senate Long Description
Regulating mortgage foreclosure consultants; defining foreclosure +consultant and certain other terms; providing for the right of property owners +to cancel foreclosure consultant contracts; regulating the contracts, +specifying certain form and content requirements; enumerating certain consultant +violations; prohibiting waivers; prescribing remedies and penalties; severability+ clause; voiding contract provisions requiring arbitration of disputes at the +option of the owner; regulating equity purchasers; defining equity purchaser +and certain other terms; specifying certain contract form and language +requirements; prescribing the terms of the contracts; providing for the right of +equity sellers to cancel the contracts, notice requirements; enumerating +certain equity purchaser violations; prescribing remedies and penalties; +prohibiting waivers; severability clause; regulating equitable mortgages, +transactions to create a presumption affecting the burden of proof, exception; +prohibiting certain unconscionable conduct; providing for the liability of equity purchasers for damages by representatives, restricting liability +limits; requiring and providing for foreclosure advice notices (ra)