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HI HB2375
Bill
Status
6/29/2012
Primary Sponsor
Ryan Yamane
Click for details
AI Summary
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Requires the Office of Consumer Protection to educate consumers about fraudulent mortgage rescue activities targeting homeowners facing foreclosures, liens, or encumbrances.
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Establishes criminal penalties and mandatory fines for violations of the Mortgage Rescue Fraud Prevention Act, supplementing existing civil enforcement provisions.
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Targets scam artists who prey on vulnerable homeowners in financial distress by offering fraudulent foreclosure rescue services.
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Deleted a provision requiring deposits of civil and criminal fines into a compliance resolution fund as unnecessary.
Legislative Description
Property Foreclosures, Liens, and Encumbrances; Mortgage Rescue Fraud Prevention Act
Last Action
(S) Act 183, 6/28/2012 (Gov. Msg. No. 1286).
6/29/2012