THE EASIEST WAY TO UNDERSTAND THE NEW FTC RULE Homeowners facing foreclosure are often desperate for a way to hold on to theirhomes. Some companies claim they can help fight off foreclosure by negotiating new mortgage terms with lenders or servicers. The Federal Trade Commission (FTC), the nation’s consumer protection agency, has issued a Rule to curb unfair and deceptive practices associated with mortgage assistance relief services. If you offer mortgage assistance relief services – or work with companies that do – it’s wise to know about the provisions of the Mortgage Assistance Relief Services (MARS) Rule.
The complete pamplete can be found at http://www.ftc.gov/opa/2011/02/pdf/110210mars_business.pdf
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