2009-10-27blogspot.com

There appears to be a split of opinion among lawyers about whether or not they can avoid the application of the advance fee prohibition as it is defined by unbundling their services and essentially offering loan modification services a la carte. This would entail breaking down the loan modification into several smaller tasks and charging individually as each task is completed. By using this interpretation, these lawyers are suggesting that SB 94 was intended to have more stringent rules for real estate brokers, and more lenient rules for lawyers performing the exact same loan modification service.



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