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A06558 Summary:
| BILL NO | A06558 |
| SAME AS | SAME AS S05065 |
| SPONSOR | Wright |
| COSPNSR | D'Urso, Colton, Sayegh, Dickens, Simon, Reyes, Buttenschon, Glick, Rivera, Blake, Fernandez, Seawright, Cook, Hyndman, Pichardo, Crespo, Taylor, Darling |
| MLTSPNSR | |
| Amd §595-a, 347 & 592-a, Bank L; add §254-e, RP L; add §§1316 & 1317, RPAP L; amd §771, add §771-b, Gen Bus L; add §5-337, Gen Ob L | |
| Enacts the "Home Equity Fraud Act" to control improper activities by home improvement contractors and finance companies; prohibits mortgage brokers or agents from acting as home improvement contractors; provides additional protections for mortgagors and homeowners. | |