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California, Feds Focus On Halting 'Robo-Signing' Practices

California Attorney General Kamala Harris has announced legislation — dubbed the “California Homeowner Bill of Rights” — that would protect homeowners against illegal foreclosure acts and predatory lending. If the package becomes law, all lenders who do business in the state would have to meet a set of specific requirements before instituting a foreclosure process or face legal action and fines that could overturn the foreclosure.

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