What Constitutes a Violation of The California Foreclosure Consultant Act (Civil Code Section 2945.4)???
Section 2945.4 of the California Foreclosure Consultant Act outlines what constitutes a violation of the law by a foreclosure consultant: 1. A foreclosure consultant may not 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 it would perform. 2. A foreclosure consultant may not claim, demand, charge, collect, or receive any fee, interest, or any other compensation for any reason in excess of 10% per annum of the amount of any loan which the foreclosure consultant may make to the homeowner. 3. A foreclosure consultant may not take any wage assignment, any lien of any type on real or personal property, or other security to secure the payment of compensation. That security shall be void and unenforceable. 4. A foreclosure consultant may not receive any consideration from any third party in connection with services rendered to a hom
