Delaware § 2518 Office of Foreclosure Prevention and Financial Education

Delaware Statutes

§ 2518 — Office of Foreclosure Prevention and Financial Education

Delaware·Title 29·Part State Offices Created by Constitution·Ch. 25 STATE DEPARTMENT OF JUSTICE·Subch. Consumer Protection

(a)The Office of Foreclosure Prevention and Financial Education is hereby established within the Division of Consumer Protection under the direction and control of the Director.

(b)The Office of Foreclosure Prevention and Financial Education is established for the following purposes:

(1)To develop and implement programs to educate the public about foreclosure prevention and financial literacy;

(2)To identify mortgage foreclosure fraud or other deceptive practices;

(3)To provide for opportunities for borrowers to meet with lenders through outreach events or mediation programs;

(4)To establish a toll-free telephone number to receive complaints from homeowners at risk of default for appropriate referral or intervention;

(5)To serve as a liaison between borrowers and lenders when

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The Office of Foreclosure Prevention and Financial Education is hereby established within the Division of Consumer Protection under the direction and control of the Director.

(b) The Office of Foreclosure Prevention and Financial Education is established for the following purposes:

(1) To develop and implement programs to educate the public about foreclosure prevention and financial literacy;

(2) To identify mortgage foreclosure fraud or other deceptive practices;

(3) To provide for opportunities for borrowers to meet with lenders through outreach events or mediation programs;

(4) To establish a toll-free telephone number to receive complaints from homeowners at risk of default for appropriate referral or intervention;

(5) To serve as a liaison between borrowers and lenders when complex issues may be impeding loss mitigation efforts; and

(6) To promote coordination among government and private programs and lenders including, but not limited to, HUD approved housing counseling agencies, legal aid providers, and other nonprofit consumer advocates.

(c) The structure of the Office of Foreclosure Prevention and Financial Education will be determined by the Attorney General and include a Foreclosure Outreach Coordinator and 2 administrative specialists.

(d) [Repealed.]

Delaware § 2518 (Office of Foreclosure Prevention and Financial Education) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.