Garden State Regulators Move to Quell Fear of New Anti-PL Statute
August 25, 2003
New Jersey banking regulators have issued a bulletin to calm lender and Wall Street fears about the state’s recently enacted anti-predatory lending law. The bulletin aims to ensure that lenders can still make loans without fear that they can’t be securitized on the secondary market, according to Banking and Insurance Commissioner Holly Bakke in an announcement.