Uncertainty Hangs Over DC’s Alternatives to Anti-PL Law
January 21, 2002
Washington, DC, mortgage lenders are cautiously optimistic, while consumer advocates say they are disappointed with two proposed alternatives to the district’s anti-predatory lending and foreclosure law. Observers say having two bills on the city council’s table could complicate efforts to replace the “Protections from Predatory Lending and Mortgage Foreclosure Improvements Act of 2000,” whose tough provisions triggered a lender revolt last year.