You have to have a fraudulent conveyance law to
prevent predatory loans enabling a bank to say, «Okay, here's an interest only loan.
Not exact matches
Many states have laws to
prevent high interest rate
loans and control
predatory lending, but, unfortunately, it still happens.
Also, there are rules in place to
prevent predatory lending, wherein the seller ensures that the buyer can repay the
loan.
North Carolina also has laws and resources to help
prevent predatory home
loans.