s 50147 1208404800 false 1208404800 2888 570 110 300061

4/17/2008--Introduced.<br/>Foreclosure Rescue Fraud Act of 2008 - Prohibits a foreclosure consultant from: (1) receiving compensation from a homeowner for services performed regarding residential real property until such consultant has fully performed each service contracted for; (2) holding power of attorney from any homeowner, except to inspect documents; (3) receiving consideration from a third party in connection with services rendered to a homeowner by such third party with respect to the foreclosure, unless such consideration is fully disclosed in writing before such services are rendered; (4) accepting any wage assignment, lien, or other security to secure compensation for services rendered regarding foreclosure of the residential real property; or (5) acquiring any interest in the residence of a homeowner with whom the consultant has contracted. Sets forth contract requirements. Permits a homeowner to cancel such contract without penalty or obligation. Declares void and unenforceable: (1) any waiver by a homeowner of the protections provided in this Act; and (2) any contract that does not comply with this Act. Requires a loan servicer to notify a homeowner of the dangers of fraudulent activities associated with foreclosure if the servicer finds that the homeowner has failed to make two consecutive payments on a residential mortgage loan and such loan is at risk of foreclosure. Subjects any foreclosure consultant who fails to comply with this Act to liability for actual and punitive damages and attorneys' fees. Empowers the Federal Trade Commission (FTC) and the states to enforce this Act.

1208404800 2008-04-17 Fri Nov 07 18:14:26 -0600 2008 introduced 50147 'act':4 '2008':6 'fraud':3 'rescu':2 'foreclosur':1 59690 false short introduced 50147 'bill':2 'secur':8 'purpos':20 'homeown':10 'proceed':16 'protect':4 'subject':13 'properti':6 'foreclosur':15 58419 false official introduced 50147 1208404800 Thu Apr 17 00:00:00 -0500 2008 150475 K000305 1935-02-07 330 Hart Senate Office Building http://kohl.senate.gov/contact.cfm 202-224-9787 Herbert 'd':4 'wi':5 'sen':1 'herb':8 'kohl':3,7,10 'herbert':2,6,9 M 300061 Kohl Herb_Kohl H. Sen. Herbert Kohl [D, WI] Herb N00004309 9863 Democrat 202-224-5653 Jewish WI Herb Herbert Kohl 3.09090909090909 http://kohl.senate.gov/ B000711 1940-11-11 112 Hart Senate Office Building http://boxer.senate.gov/contact/email/policy.cfm 202-224-0454 Barbara 'd':4 'ca':5 'sen':1 'boxer':3,7,9 'barbara':2,6,8 F 300011 Boxer Barbara_Boxer Sen. Barbara Boxer [D, CA] N00006692 28314 Democrat 202-224-3553 Jewish CA Barbara Boxer 2.46875 http://boxer.senate.gov SenatorBoxer C001057 1949-08-17 Norm 'norm':1,3,5 'coleman':2,4,6 M 300024 Coleman Norm_Coleman Norm Coleman N00013870 8373 Republican Jewish Norm Coleman 2.8 C001035 1952-12-07 413 Dirksen Senate Office Building http://collins.senate.gov/public/continue.cfm?FuseAction=ContactSenatorCollins.EmailIssue 202-224-2693 Susan 'r':4 'sen':1 'susan':2,6,8 'collin':3,7,9 F 300025 Collins Susan_Collins M. Sen. Susan Collins [R, ME] N00000491 11522 Republican 202-224-2523 Catholic ME Susan Collins 2.49152542372881 http://collins.senate.gov SenatorSusanCollins F000062 1933-06-22 331 Hart Senate Office Building http://feinstein.senate.gov/public/index.cfm?FuseAction=ContactUs.EmailMe 202-228-3954 Dianne 'd':4 'ca':5 'sen':1 'diann':2,6,8 'feinstein':3,7,9 F 300043 Feinstein Dianne_Feinstein Sen. Dianne Feinstein [D, CA] N00007364 20008 Democrat 202-224-3841 Jewish CA Dianne Feinstein 1.97044334975369 http://feinstein.senate.gov/public/ SenatorFeinstein L000035 1960-09-30 355 Dirksen Senate Office Building http://lincoln.senate.gov/contact/email.cfm 202-228-1371 Blanche 'd':4 'ar':5 'sen':1 'blanch':2,6,8 'lincoln':3,7,9 F 300068 Lincoln Blanche_Lincoln Lambert Sen. Blanche Lincoln [D, AR] N00008092 9847 Democrat 202-224-4843 Episcopalian AR Blanche Lincoln 2.6 http://lincoln.senate.gov/ SenatorLincoln M000702 1936-07-20 503 Hart Senate Office Building http://mikulski.senate.gov/Contact/contact.cfm 202-224-8858 Barbara 'd':4 'md':5 'sen':1 'barbara':2,6,8 'mikulski':3,7,9 F 300073 Mikulski Barbara_Mikulski A. Sen. Barbara Mikulski [D, MD] N00001945 9656 Democrat 202-224-4654 Roman Catholic MD Barbara Mikulski 2.68888888888889 http://mikulski.senate.gov/ introduced 50147 1208404800 Thu Apr 17 00:00:00 -0500 2008 150475 action 50147 1208404800 Thu Apr 17 00:00:00 -0500 2008 150476 Sponsor introductory remarks on measure. (CR S3160) action 50147 1208404800 Thu Apr 17 00:00:00 -0500 2008 150477 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.