BILL NO | A10057B |
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SAME AS | SAME AS S04744-A
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SPONSOR | Towns (MS) |
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COSPNSR | Nolan, Camara, Perry, Ramos, Englebright |
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MLTSPNSR | Alfano, Benjamin, Boyland, Raia, Weinstein |
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Amd S595-a, Bank L; add S265-a, RP L; add S1303, RPAP L |
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Enacts the home equity theft prevention act; provides homeowners with information necessary to make an informed decision regarding the sale of their home to an equity purchaser; requires the sales agreement to be expressed in writing; provides safeguards to equity sellers against deceit and financial hardship; restricts unfair contract terms. |