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The Committee on Judiciary (Fasano) recommended the following

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amendment:

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     Senate Amendment

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     Delete lines 213 through 224

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and insert:

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homeowner a copy of the signed agreement within 3 hours after the

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homeowner signs the agreement.

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     (5) FORECLOSURE-RESCUE TRANSACTIONS; WRITTEN AGREEMENT.--

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     (a)1. A foreclosure-rescue transaction must include a

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written agreement prepared in at least 12-point uppercase type

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that is completed, signed, and dated by the homeowner and the

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equity purchaser before executing any instrument from the

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homeowner to the equity purchaser quitclaiming, assigning,

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transferring, conveying, or encumbering an interest in the

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residential real property in foreclosure. The equity purchaser

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must give the homeowner a copy of the completed agreement within

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3 hours after the homeowner signs the agreement. The

4/3/2008  4:34:00 PM     11-05971-08