TITLE 45

LIENS, MORTGAGES AND PLEDGES

CHAPTER 16

CONSUMER FORECLOSURE PROTECTION ACT

45-1601.  Legislative findings. The legislature finds that some persons and businesses are engaging in patterns of conduct that defraud innocent homeowners of their title, equity interest, or other value in residential dwellings under the guise of stopping or postponing a foreclosure sale. The legislature also finds this activity to be contrary to the public policy of this state and therefore establishes notice requirements governing contracts or agreements entered into during the foreclosure period. The legislature further finds that the provisions of this chapter shall be construed in such a manner that it does not inhibit transactions with legitimate lenders and investors.

History:

[45-1601, added 2008, ch. 192, sec. 1, p. 601.]