- Wisconsin currently has no legislation regulating foreclosure consultants, however AB 568, which failed to pass in early 2008, is still on the table. (See http://www.legis.state.wi.us/2007/data/AB-568.pdf)
- The Bill proposes to:
- Require written contracts, statutorily required disclosures of obligations and responsibilities.
- Prohibit up front fees, acquiring security interest in client’s property, charging interest in excess of 8%;
- Provides for civil, criminal and administrative remedies
- The bill would exempt attorneys from regulation.
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