Public Act 095-0691: A mortgage crises remedy?
By Kenneth E. Davies
Commercial Banking, Collections, and Bankruptcy,
October 2008
With the economy in the throws of an economic downturn due in large part to the high foreclosure rates and crunch on credit, many governments are scrambling to try to get ahead of these economic issues.
Public Act 095-0691: A mortgage crises remedy?
By Kenneth E. Davies
Real Estate Law,
July 2008
This article will discuss the highlights of Public Act 095-0691 and will try to pose the basic question: How much of this new law is designed to solve the problems of the present and the past and how much of the new law is nothing more than a knee jerk reaction to a problem brought on by over-exuberate lenders and consumers?
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