Are there any laws or regulations that limit the amount of money a lender can sue me for?

In Pennsylvania, there are specific laws and regulations that limit the amount of money that a lender can sue you for when it comes to foreclosure defenses. These regulations are found in the Pennsylvania Fair Credit Extension Uniformity Act and the Pennsylvania Homeowners Assistance Payment Assistance Program. The Pennsylvania Fair Credit Extension Uniformity Act (FCEUA) sets a maximum amount that a lender can include in the total amount of money they are suing you for. This amount is typically set at two times the amount of the original loan amount, or the amount that is still outstanding on the loan. In addition, the FCEUA also limits potential legal fees and other costs that the lender may be able to sue you for. The Pennsylvania Homeowners Assistance Payment Assistance Program (HAPA) is a state-run program that helps homeowners facing foreclosure. HAPA limits the total amount of money that a lender can sue a homeowner for to the amount of the debt remaining on the loan. This includes principal, interest, and any fees they can legally charge. This program helps to limit the amount of potential financial hardship that a foreclosure can cause to a homeowner. Overall, Pennsylvania has put in place certain laws and regulations that help to limit the amount of money that a lender can sue a homeowner for during a foreclosure. By understanding these regulations, homeowners can more easily plan for any potential legal fees and other costs associated with foreclosure defense.

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Are there any laws or regulations that limit the amount of money a lender can sue me for?

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