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<section article="grp" article_name="Real Property" number="7-307" title_number="7" title_name="Mortgages, Deeds of Trust, and Vendor's Liens" subtitle_number="3" subtitle_name="Protection of Homeowners in Foreclosure Act">
  <text>A foreclosure consultant may not:</text>
  <level label="1">
    <text>Engage in, arrange, offer, promote, promise, solicit, participate in, assist with, or carry out a foreclosure rescue transaction;</text>
  </level>
  <level label="2">
    <text>Claim, demand, charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented that the foreclosure consultant would perform;</text>
  </level>
  <level label="3">
    <text>Claim, demand, charge, collect, or receive any interest or any other compensation for any loan that the foreclosure consultant makes to the homeowner that exceeds 8% a year;</text>
  </level>
  <level label="4">
    <text>Take any wage assignment, any lien of any type on real or personal property, or other security to secure the payment of compensation;</text>
  </level>
  <level label="5">
    <text>Receive any consideration from any third party in connection with foreclosure consulting services provided to a homeowner unless the consideration:</text>
    <level label="i">
      <text>Is first fully disclosed in writing to the homeowner;</text>
    </level>
    <level label="ii">
      <text>Is clearly listed on any settlement documents; and</text>
    </level>
    <level label="iii">
      <text>Is not in violation of any provision of this subtitle;</text>
    </level>
  </level>
  <level label="6">
    <text>Receive a commission, regardless of how described, for the sale of a residence in default that exceeds 8% of the sales price;</text>
  </level>
  <level label="7">
    <text>Receive any money to be held in escrow or on a contingent basis on behalf of the homeowner;</text>
  </level>
  <level label="8">
    <text>Acquire any interest, directly or indirectly, or by means of a subsidiary, affiliate, or corporation in which the foreclosure consultant or a member of the foreclosure consultant’s immediate family is a primary stockholder, in a residence in default from a homeowner with whom the foreclosure consultant has contracted;</text>
  </level>
  <level label="9">
    <text>Take any power of attorney from a homeowner for any purpose, except to inspect documents as provided by law; or</text>
  </level>
  <level label="10">
    <text>Induce or attempt to induce any homeowner to enter into a foreclosure consulting contract that does not comply in all respects with this subtitle.</text>
  </level>
</section>
