Idaho Lawmakers Introduce Bill To Regulate Foreclosure Rescue Transactions

In Boise, Idaho, KBCI-TV Channel 2 reports:

• The Senate Commerce and Human Resources Committee printed a bill Friday that will increase protections for citizens going through foreclosure. The bill was introduced by Boise lawmakers Sen. Elliot Werk, Rep. Bill Killen, and Rep. Phylis King. The bill addresses the exponential increase in foreclosures statewide and the increased risk that Idahoans will be victimized by bail-out scams. The legislation will require contact information for assistance and a warning about scams when foreclosure notices are served, written contracts from foreclosure rescue service providers, and the ability to opt out of a foreclosure rescue contract within 5 days of signing.

For more, see Idaho lawmakers tackle foreclosure rescue scams.

To view the proposed law, see Idaho Senate Bill 1392.