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Real Estate & Property Law

: The Home Equity Theft Reporter

Connecticut Law Now Bans Upfront Fees, Requires Licensing & Bonding When Offering Loan Modification Services; Maximum Mod Fee Limited To $500

By r morris

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In Hartford, Connecticut, The Day reports:For the first time in Connecticut, firms and individuals offering debt relief they negotiate with a consumer's creditors will need to be licensed and will be prohibited from charging upfront fees.(1) A new law that goes into effect Thursday is designed to stop a growing number of scams by so-called ?debt negotiators? who fraudulently claim to help

Full post as published by The Home Equity Theft Reporter on September 29, 2009 (boomark / email).

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