The Attorney General clarified that this new law will not apply to the Attorney / Client relationship or the way attorneys are paid when they are hired to help distressed homeowners. Effective October 1st, 2008 501.1377 Violations involving homeowners during the course of residential foreclosure proceedings.
(1) LEGISLATIVE FINDINGS AND INTENT.-The Legislature finds that homeowners who are in default on their mortgages, in foreclosure, or at risk of losing their homes due to nonpayment of taxes may be vulnerable to fraud, deception, and unfair dealings with foreclosure-rescue (0 comments)