You are here

Home » Accounting » » Fund 17L

Fund 17L

Fund Reference Manual

17L-Foreclosure Fairness Account

Account Code:
17L
Account Title:
Foreclosure Fairness Account
Admin Agency:
Department of Commerce - 1030
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BD - Central Admin and Regulatory Fund
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Budgeted (Nonappropriated/Allotted) (B)
Interest Earning Authority:
N/A
Authority:
Closing GL Code:
9321
Description:
To protect and assist homeowners from unnecessary foreclosures. Expenditures from the account must be used for: providing housing counselors for borrowers, enforcement of the chapter by the attorney general's consumer protection division, legal representation of homeowners in matters relating to foreclosure, implementation and operation of the foreclosure fairness act, and to conduct homeowner prepurchase and postpurchase outreach and education programs.
Sources of Revenue:
Fees.
Clientele:
Homeowners.
Effective Date:
Thu, 04/14/2011
Inactive Date:
Public Notes: