Florida AG OKs Collecting Upfront Fees By State Bar Members When Representing Homeowners In Foreclosure

The Florida Foreclosure Fraud Weblog reports that Florida Attorney General Bill McCollum has taken the position that the prohibition against collecting upfront fees by "foreclosure rescue consultants" when working with homeowners facing foreclosure shall not apply to Florida attorneys when such attorney provides legal representation to a client with respect to a foreclosure. The prohibition against the collection of upfront fees was included in the recently passed Foreclosure Rescue Fraud Prevention Act of 2008, which will go into effect on October 1, 2008.

For more, see Florida Attorney General Bill McCollum takes action to fix flaws with 501.1377.

Go here to view the letter by the Florida Attorney General to Florida Bar President Jay White in which he expresses his position (letter available online courtesy of The Florida Foreclosure Fraud Weblog).