(1) There may be established, as part of the borrower education initiatives established by or through t he Kentucky Housing Corporation, a Kentucky Homeownership Protection Center. (2) The purpose of the Kentucky Homeownership Protection Center shall be to: (a) Provide a centralized location for information on public services made available by federal, state, or local government or community entities, to assist a homeowner who is in default, or in danger of default, on his or her home loan; and (b) Attempt to assist, any homeowner who contacts the center without cost to the homeowner, with the goal of: 1. Providing a homeowner with information, including toll -free telephone numbers for public services, made available by federal, state, or local government or community entities, including programs such as NeighborWorks and Don't Borrow Trouble, mortgage assista nce programs, home repair assistance programs, and utility assistance programs; 2. Determining if the homeowner has contacted his or her lender regarding any default or danger of default; and 3. Providing a homeowner with counseling agencies approved by th e United States Department of Housing and Urban Development that may be able to assist the homeowner. (3) The Kentucky Homeownership Protection Center may enter into an agreement with any public or nonprofit entity to carry out any part of the mortgage for eclosure counseling and education program. (4) The Kentucky Homeownership Protection Center may solicit contributions and grants from the private sector, nonprofit entities, and the federal government to assist in carrying out the purposes of this chapter. (5) The Kentucky Homeownership Protection Center shall not, directly or through an entity contracted with in accordance with subsection (3) of this section, make referrals or recommendations to or regarding specific for -profit lenders or mortgage brokers.
‹ Prev All Kentucky sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.