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Home » Store » News » CT Grapples with Legislation Dealing with Abusive Lending

CT Grapples with Legislation Dealing with Abusive Lending

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Following the lead of North Carolina and neighboring states, Connecticut is considering legislation that would curb abusive lending practices and prohibit lenders from charging a borrower or the borrower’s attorney or agent a fee for the first payoff statement provided in a calendar year. The state banking commissioner noted the increase in lending abuses nationwide, as well as efforts in North Carolina, New York and Massachusetts to respond to the problem. Like in
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