State-chartered mortgage lenders cautioned the Office of Thrift Supervision that unequal application of rules relating to alternative mortgages would create disparity between federal and state lenders, even though the latter retain some of the benefits of the Alternative Mortgage Transactions Parity Act. State lender representatives met with agency officials on May 10 to discuss preemption issues that may arise if the OTS’ proposal to remove prepayment penalties and late fee charges from a list