New Home sales subject to new laws

South Florida Business Journal

October 1, 2007

Home sales subject to new laws Beginning Monday, buying a home in Florida comes with new rules that are expected to create more transparency in the lending process while they require out-of-state title agencies to follow the same rules as agencies in the state.

Under Senate Bill 1824, powers have expanded for law enforcement to combat mortgage fraud, officials with the Florida Association of Realtors said. That includes any errors made in the lending process that could be tied to an intent to defraud.

To read the balance of the article.......

http://southflorida.bizjournals.com/southflorida/stories/2007/10/01/daily17.html

Does anyone have comments on the new policy?

Thanks for any thoughts or comments- Paige