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Home » Migrant Lending Becomes Immigration Issue
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Migrant Lending Becomes Immigration Issue

April 25, 2006
The national debate on illegal immigration is threatening to spill over into the mortgage industry as critics aim for state legislation that would deny jobs to undocumented aliens and penalize U.S. companies that do business with them, including mortgage companies. The Arizona legislature is reportedly planning to prohibit lenders from making mortgages and other consumer loans based on individual tax identification numbers, or ITINs. The bill apparently stalled because of constitutional issues raised by…
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