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FTC Will Not Enforce Provisions of MARS Rule Against Real Estate Professionals Helping Consumers...
WASHINGTON, D.C. - July 15, 2011 - (RealEstateRama) -- The Federal Trade Commission today issued a statement announcing that it will forbear from enforcing most provisions of its Mortgage Assistance Relief Services (MARS) Rule against real estate brokers and their agents who assist financially distressed consumers in obtaining short sales from their lenders or servicers.
FTC’s Mortgage Assistance Relief Services Advance Fee Ban Takes Effect
WASHINGTON, D.C. - February 10, 2011 - (RealEstateRama) -- The advance fee ban under the FTC’s Mortgage Assistance Relief Services (MARS) Rule is designed to protect financially distressed homeowners from mortgage relief scams that have sprung up during the mortgage crisis.
