HF 1209

FIRST ENGROSSMENT

Homeowners transactions regulated when homes are in foreclosure.

Section 1: Definitions provided.

Section 2: Contract language modified.

Section 3: Violations language modified.

Section 4: Foreclosure reconveyance language modified.

Section 5: Foreclosure purchaser language modified.

Section 6: Residence in foreclosure language provided.

Seciton 7: Contract cancellation language modified.

Section 8: Notice of cancellation language modified.

Section 9: prohibited practices language added.

Section 10: Stay of eviction action language provided.

Section 11: Effective date; expiration language modified.

JAJ 3/27/7