Foreclosure Help
HYL Consultants LLCAbout
This business has 1 alert
Important information
- Additional Info:In the State of Hawaii, if a loan modification company is an intermediary between a debtor and a creditor to settle or to alter any terms of debt and arranges for the payments from debtor to creditor, a company generally needs to be a licensed attorney in the State of Hawaii or a nonprofit agency.
If a loan modification company claims to help prevent or defer foreclosures, the following may apply:
- The company cannot request for any payments from clients until all of the contracted services are provided.
- The company needs to supply its clients copies of the contracts, which include clients' right to cancel without penalty until the contracted services are completed, and where to send the cancellation notice.
- The company cannot require clients to sign lien, encumbrance, mortgage, assignment, or deed until full disclosures are given.
For more information on Hawaii's regulations, you may want to contact State of Hawaii Consumer Resource Center at 808-586-2653.
For information regarding foreclosures, you may want to contact the Hawaii Foreclosure Information Center at 808-587-3222.
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