Consumer Lending Laws May Be A Trap For Even The Wary
By EsqSocial Corporation 26/10/20
It is no surprise to anyone involved in consumer lending that laws designed to protect consumers from inception of the loan relationship through collection of the loan following default vary greatly from state to state and even by loan type within a state. Not staying on top of these variations can get even an experienced lender in serious trouble as the Federal National Mortgage Association (“Fannie Mae”) and Nationstar Mortgage Association (“Nationstar”) learned in the October 1, 2020 decision...
By: Rosenberg Martin Greenberg LLP