General Bill by Soto

Foreclosure Debt Relief: Creates “Foreclosure Debt Claims Act”; authorizes creation & administration of deficiency judgment reimbursement program by Florida Housing Finance Corporation contingent upon occurrence of certain conditions precedent; provides for future termination of program; authorizes continuation of program after depletion of funds; provides procedures & eligibility requirements for homeowners & financial institutions to file specified monetary claims.

Effective Date: upon becoming a law

Original Filed Version

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General Bill by Soto

Residential Foreclosure Proceedings: Designates act “Florida Mortgage Collection Fairness Act”; prohibits certain acts by mortgage collection firms; provides that violations are deceptive & unfair trade practices; provides penalties & remedies; provides for award of attorney’s fees & costs.

Effective Date: July 1, 2012

Original Filed Version  

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