Legislative Session number- 83

Bill Name: SF2707

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)