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Re: Need to consider the strictures of anti-predatory loan rules...

Posted by jenv on March 23, 2004 at 2:17 AM

In Reply to: Re: Need to consider the strictures of anti-predatory loan rules... posted by Irwin(CA) on March 21, 2004 at 2:25 PM

The federal anti-predatory lending rules prohibit the use of assets in considering ability to repay. Only income may be considered. Or if you prefer, it prohibits equity lending.


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