Predatory Lending Law definition

Predatory Lending Law. The Georgia Fair Lending Act, the Maine Consumer Credit Code - Truth-in-Lending, the New Jersey Home Ownership Security Act of 2002, the New Mexico Home Loan Protection Act, the New York Predatory Lending Act, or any similar State or federal law that regulates high-cost mortgage loans.
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Examples of Predatory Lending Law in a sentence

  • State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Category under Applicable Anti- Predatory Lending Law Arkansas Arkansas Home Loan Protection Act, Ark.

  • Effective November 27, 2003 - July 5, 2004 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Category under Name of Anti-Predatory Lending Applicable Anti- State/Jurisdiction Law/Effective Date Predatory Lending Law ------------------ ------------------ --------------------- STANDARD & POOR'S HOME LOAN CATEGORIZATION Category under Name of Anti-Predatory Lending Applicable Anti- State/Jurisdiction Law/Effective Date Predatory Lending Law ------------------ ------------------ --------------------- Georgia (Oct.

  • Effective June 5, 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Category under Name of Anti-Predatory Lending Applicable Anti- State/Jurisdiction Law/Effective Date Predatory Lending Law ------------------ ------------------ --------------------- Georgia (Oct.

  • No Mortgage Loan is a “high cost” or “covered” loan, as defined by any applicable federal, state or local predatory or abusive lending law, and no Mortgage Loan has a percentage listed under the Indicative Loss Severity Column (the column that appears in the Standard & Poor's Anti- Predatory Lending Law Update Table, included in the then-current Standard & Poor's LEVELS® Glossary of Terms on Appendix E).

  • Standard & Poor's High Cost Loan Categorization ---------------------------------- ------------------------------------------------- --------------------------------- Category under Name of Anti-Predatory Lending Applicable Anti- State/Jurisdiction Law/Effective Date Predatory Lending Law ---------------------------------- ------------------------------------------------- --------------------------------- Arkansas Arkansas Home Loan Protection Act, High Cost Home Loan Ark.

  • Effective June 5, 2002 ------------------------------------------------------------------------------ Standard & Poor's Covered Loan Categorization ------------------------------------------------------------------------------- State/Jurisdiction Name of Anti-Predatory Lending Category under Law/Effective Date Applicable Anti- Predatory Lending Law ------------------------------------------------------------------------------ Georgia (Oct.

  • Effective November 27, 2003 - July 5, 2004 Standard & Poor's Home Loan Categorization Category under Name of Anti-Predatory Lending Applicable Anti- State/Jurisdiction Law/Effective Date Predatory Lending Law ------------------ ------------------------------ --------------------- Georgia (Oct.

  • STANDARD & POOR'S HIGH COST LOAN CATEGORIZATION State/Jurisdiction Name of Anti-Predatory Category under Lending Law/Effective Date Applicable Anti- Predatory Lending Law Arkansas Arkansas Home Loan Protection High Cost Home Loan Act, Ark.

  • STANDARD & POOR'S HIGH COST LOAN CATEGORIZATION ---------------------------------------------------------------------------------------------------------------------------------- Category under Applicable Anti- State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Predatory Lending Law ---------------------------------------------------------------------------------------------------------------------------------- Arkansas Arkansas Home Loan Protection Act, Ark.

  • Effective May 24, 2002 Oklahoma Consumer Credit Code (codified in various Subsection 10 Mortgage sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 State/Jurisdiction Name of Anti-Predatory Lending Category under Law/Effective Date Applicable Anti- Predatory Lending Law South Carolina South Carolina High Cost and High Cost Home Loan Consumer Home Loans Act, S.C. Code ▇▇▇.

Related to Predatory Lending Law

  • predatory or similar loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).

  • Truth in Lending Act means the Truth in Lending Act of 1968, as amended.

  • Domestic Lending Office means, with respect to any Lender, the office of such Lender specified as its "Domestic Lending Office" opposite its name on Schedule I hereto or in the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such Lender may from time to time specify to the Borrower and the Agent.

  • LIBOR Lending Office means, initially, the office(s) of each Lender designated as such Lender’s LIBOR Lending Office in such Lender’s Administrative Questionnaire; and thereafter, such other office of such Lender as such Lender may from time to time specify to the Administrative Agent and the Borrower as the office of such Lender at which the LIBOR Rate Loans of such Lender are to be made.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).