- Delaware regulates “mortgage rescue fraud” and foreclosure consultants.
- The State:
- Requires disclosures, statutory notices, attached notice of cancellation, 24 hour period of review for client; Requires surplus payments within 90 days with minimum of 82% paid back
- Voids any consulting contract clause providing for waiver of rights or venue located in a state other than Delaware
- Prohibits upfront fees; Prohibits deceptive acts and misrepresentations
- Licensed attorneys are exempt from the definition of foreclosure consultant
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