Tuesday, May 1, 2012

Florida is asking the public for suggestions on how best to distribute nearly $300 million dollars


Florida Attorney General Pam Bondi is asking the public for suggestions on how best to distribute nearly $300 million dollars the state is getting as part of a 25 billion dollar settlement mortgage servicers.

In February 2012, Florida entered a $25 billion joint agreement with the nation's five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing practices.

The court-approved settlement calls for the Attorney General to direct approximately $300 million in consumer relief for purposes intended to avoid preventable foreclosures, to lessen the effects of the foreclosure crisis, and to enhance law enforcement efforts against financial fraud. 

The settlement agreement lists permissible uses of the settlement funds, including: housing counselors, state and local foreclosure assistance hotlines, state and local foreclosure mediation programs, legal assistance, housing remediation and anti-blight projects.

The money can also be used for training and staffing of financial fraud or consumer protection enforcement efforts.

People can make suggestions through Monday, May 14, at 5 p.m by visiting MyFloridaLegal.com.


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1 comment:

O.Lucky said...

We should take the Money and help the people that are unemployed or under employed and train them so they can find better jobs or open there own buissness so they can hire other people lets face it employers don't want to hire anybody over 40 years old also we make a boys club so we can have are children out of the streets and gangs the rest should go back to the tax payers and people who lost there homes because of Banks

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