Legislative Findings

TITLE 45 LIENS, MORTGAGES AND PLEDGES CHAPTER 16 CONSUMER FORECLOSURE PROTECTION ACT 45-1601. Legislative findings. The legislature finds that some persons and businesses are engaging in patterns of conduct that defraud innocent homeowners of their title, equity interest, or other value in residential dwellings under the guise of stopping or postponing a foreclosure sale. The legislature also finds this activity to be contrary to the public policy of this state and therefore establishes notice requirements governing contracts or agreements entered into during the foreclosure period. The legislature further finds that the provisions of this chapter shall be construed in such a manner that it does not inhibit transactions with legitimate lenders and investors.