Oregon Governor Signs Foreclosure Rescue Legislation

The office of Oregon Governor Ted Kulongoski announced yesterday:

• Governor Ted Kulongoski late [Monday] signed mortgage lending protection legislation (House Bill 3630 and Senate Bill 1064) passed during the February legislative session. The bills will protect consumers from fraudulent mortgage rescue schemes, provide better notice for those facing foreclosure and stronger enforcement for those in the loan industry engaging in dishonest and fraudulent practices. “People who are facing foreclosure should not have to also fall victim to fraudulent rescue schemes and dishonest lending practices,” said Governor Kulongoski. “These protections will help ensure Oregonians are treated fairly and offered the help they need during a very difficult time.”

For more, see Governor Kulongoski Signs Mortgage Protection Legislation.

For the Oregon foreclosure rescue legislation, see House Bill 3630.