In transactions that reduce the existing payment on a homeowner's mortgage loan for a period of no less than 5 years, a distressed property consultant shall not claim, demand, charge, collect, or receive any fee, interest, or any other compensation that exceeds the lesser of the homeowner's: (1) existing monthly principal and interest mortgage payment; or (2) total net savings derived from the lowered monthly principal and interest mortgage payment over the succeeding 12 months. For all other transactions, a distressed property consultant shall not claim, demand, charge, collect, or receive any fee, interest, or any other compensation for any reason that exceeds 50% of the owner's existing monthly principal and interest mortgage payments. payment; or monthly principal and interest mortgage payment over the succeeding 12 months.
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