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A10057 Summary:

BILL NOA10057B
 
SAME ASSAME AS S04744-A
 
SPONSORTowns (MS)
 
COSPNSRNolan, Camara, Perry, Ramos, Englebright
 
MLTSPNSRAlfano, Benjamin, Boyland, Raia, Weinstein
 
Amd S595-a, Bank L; add S265-a, RP L; add S1303, RPAP L
 
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.
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