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Home » Store » Taxable » State Roundup

State Roundup

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Illinois. The Illinois Association of Mortgage Brokers is working on amendments to propose to the state legislature during the November veto session, regarding the new state anti-predatory lending law. The proposals aim to define “tangible net benefit” and deflect some of the liability under the new High Risk Home Loan Act, which was signed recently into law. The new law becomes effective on Jan. 1, 2004. Brokers say some unclear provisions could make it
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