New Hampshire State Senate To Consider House Bill 365 On Foreclosure Rescue

In New Hampshire, an amended version of House Bill 365, which proposes new laws regulating foreclosure rescue transactions, has reportedly been drafted, according to an opinion piece in the Concord Monitor. Among the reported provisions are strong rules:

• prohibiting unfair transactions and requiring disclosures to homeowners,
• allowing remedies under the state Consumer Protection Act to deter the rescuers,
• that anticipate the growing variety of scams.

The New Hampshire Senate Commerce, Labor and Consumer Protection Committee is scheduled to hold a hearing on House Bill 365 Tuesday morning. For more, see Pass this law to stop foreclosure predators (People facing loss of their homes need protection).

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