Category Archives: payday or installment loans

The Business Letter Subprime Lending And Much More

The Business Letter Subprime Lending And Much More

Organizations must also review their prices structures to make sure that they cannot discriminate against people for a basis that is prohibited or in line with the located area of the home in breach associated with the Equal Credit chance Act (ECOA), the Fair Housing Act (FHA), or Massachusetts anti-discrimination and anti-redlining statutes, including G.L. C. 151B and c. 183, s. 64. The practice of recharging overages (recharging a greater rate of interest, origination cost, or quantity of points on that loan for many borrowers than is charged when it comes to exact same loan item with other borrowers in identical period of time) is allowed unless the training violates the ECOA or FHA. Continue reading The Business Letter Subprime Lending And Much More