Synopsis:
AN ACT TO AMEND CHAPTER 25, TITLE 29 OF THE DELAWARE CODE RELATING TO CONSUMER PROTECTION.
This bill provides for an Office within the Division of Consumer Protection to identify mortgage foreclosure fraud, to reduce foreclosure, and to promote financial literacy.
In addition, the Office will receive calls from borrowers in default and make appropriate referrals to housing counselors or other agencies. The Outreach Coordinator will be responsible for acting as a liaison with servicers in some circumstances and participating as necessary in any mediation activity.
The Office will exist for a period of three years from the date it is created pursuant to this bill.
In addition, the Office will receive calls from borrowers in default and make appropriate referrals to housing counselors or other agencies. The Outreach Coordinator will be responsible for acting as a liaison with servicers in some circumstances and participating as necessary in any mediation activity.
The Office will exist for a period of three years from the date it is created pursuant to this bill.
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