Irvine clinic will monitor banks' compliance with foreclosure settlement

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Irvine clinic will monitor banks’ compliance with foreclosure settlement

Irvine clinic will monitor banks’ compliance with foreclosure settlement

Please keep these student far away from the banks reach!


Law.com-

Students at the University of California, Irvine School of Law will serve as watchdogs over a major California foreclosure settlement with five banks as part of a new law clinic.

The school’s Consumer Protection Clinic is a partnership with California Attorney General Kamala Harris. She appointed Irvine professor Katherine Porter to monitor compliance with the agreement, which could result in as much as $18 billion in benefits to California homeowners and borrowers, and Porter decided to expand that work into a clinic.

Students will work alongside attorneys to ensure that the banks fulfill their obligations, including avoiding certain foreclosures and ending deceptive practices including the so-called “robo-signings” of mortgages. They will assist homeowners in modifying their loans, develop and implement compliance plans to monitor banks, help communicate with the public about the settlement, prepare compliance reports and help advise Harris.

[LAW.COM]

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