2009 Senate Bill 930

Impose new regulations on foreclosure consultants

Introduced in the Senate

Oct. 21, 2009

Introduced by Sen. Gretchen Whitmer (D-23)

To impose state regulation on homeowner “foreclosure consultants” and their contracts, and on “equity purchase contracts,” including mandating certain disclosures and a right of rescission during a specified period.

Referred to the Committee on Banking and Financial Institutions