ML-Implode News - Nevada Legislature Considers Passing its Own Homeowner Bill of Rights

``In 2011, and in response to the "robo-signing" scandal that would eventually lead to the National Mortgage Settlement, Nevada became the first state to do something legislatively that served to reduce the number of foreclosures dramatically.
The bill, AB 284, required banks to sign affidavits stating that the person signing had personal knowledge of all documents related to a foreclosure, and it provided for a monetary fine for recording false documents in the county recorder's office... things like that... and immediately after the bill became law foreclosures across the state fell by something like 80 percent.

Nevada's Attorney General, Catherine Masto, was applauded by homeowner advocates all over the country for having the courage to stand up to the too-big-to-fail financial institutions and protect middle class homeowners.''

Relevant:

Nevada Legislature Considers Passing its Own Homeowner Bill of Rights