Mortgage Foreclosure Rescue and Loan Modification Services Fraud Prevention Act of 2009
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jun 2, 2009
Mortgage Foreclosure Rescue and Loan Modification Services Fraud Prevention Act of 2009 - Directs the Federal Trade Commission (FTC) to conduct a rulemaking proceeding with respect to mortgage foreclosure rescue and loan modification services.
Directs the FTC to include in the rule, among other things, requirements that: (1) any residential real property mortgage foreclosure rescue or loan modification service provided to a homeowner contain a written contract meeting specified criteria; (2) any such contract contain a clearly and prominently disclosed right for the homeowner to cancel within a set number of business days with no penalty or obligation; and (3) prohibits or restricts mortgage foreclosure rescue and loan modification services from requesting or receiving any funds until any such services have been fully performed, results have been achieved, and both have been documented to the consumer.
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Referred to House Energy and Commerce
Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Financial Services
Introduced in House
Introduced in House
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Bill text & related measures
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Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.
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