(a) No person shall engage in any act of consumer fraud or unfair method of competition or deceptive practice in connection with any contract which may result in the foreclosure on any residential real estate that is situated within the city. Nothing in this section shall be construed as permitting the regulation of any business to the extent that such regulation is not permitted under the statutory or home rule powers of the city.
(b) The commissioner of business affairs and consumer protection shall be charged with the enforcement of this section, and may institute an action in the department of administrative hearings to determine liability and seek remedies provided in this section.
(c) Any person who violates this section shall be subject to a fine of not less than $500.00 and not more than $10,000.00, and may be ordered to pay restitution and may be subject to other equitable relief.
(Added Coun. J. 8-30-00, p. 39074, § 4; Amend Coun. J. 11-19-08, p. 47220, Art. V, § 5)