Section 6-1-1111 - Written contract required

Every contract shall be written in at least nine-point, legible type and fully completed, signed, and dated by the home owner and equity purchaser prior to the execution of any instrument quit-claiming, assigning, transferring, conveying, or encumbering an interest in the residence in foreclosure.L. 2006: Entire part added, p. 1338, § 1, effective May 30. L. 2010: Entire section amended, (HB 10 -1133), ch. 350, p. 1616, § 4, effective 1/1/2011.